Daily Practice · GCSE Business
January 2008 5-a-day
Every sheet in January 2008
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st January 2008State one drawback of using an overdraft to solve a cash-flow problem.
- 2nd January 2008A business has an opening balance of 1,000 pounds, inflows of 6,000 pounds and outflows of 5,200 pounds for the month. Calculate its closing balance.
- 3rd January 2008If fixed costs rise but the contribution per unit stays the same, what happens to the break-even output?
- 4th January 2008Give one indirect cost of training.
- 5th January 2008Give one example of a motivator under Herzberg's theory.
- 6th January 2008State one way a business can benefit from being seen as environmentally friendly.
- 7th January 2008State what pay-per-click (PPC) advertising means.
- 8th January 2008What is search engine optimisation, and what is its purpose in marketing?
- 9th January 2008What is public relations?
- 10th January 2008State two advantages of flow production.
- 11th January 2008Explain why product knowledge reduces returns as well as increasing sales.
- 12th January 2008State one reason a change in consumer tastes might force a food business to change its menu.
- 13th January 2008Give an example of a want, as opposed to a need.
- 14th January 2008Explain why a business's aims might change after it takes on outside investors.
- 15th January 2008State one internal cause of new business failure.
- 16th January 2008A business has revenue of 40,000 pounds and gross profit of 16,000 pounds. Calculate its gross profit margin.
- 17th January 2008Give one reason a business's net profit margin might fall even if its gross profit margin stays the same.
- 18th January 2008Give one advantage of centralisation.
- 19th January 2008Identify what a persistently high labour turnover rate might suggest about a business.
- 20th January 2008Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 21st January 2008Give one reason globalisation has increased competition for UK businesses.
- 22nd January 2008Define exchange rate.
- 23rd January 2008True or false: each element of the marketing mix should be decided independently of the others.
- 24th January 2008A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?
- 25th January 2008Explain how buffer stock protects a business, and state its cost.
- 26th January 2008Explain how credit terms can matter more than price to a small business.
- 27th January 2008Give one example of an economy of scale.
- 28th January 2008State one risk of trying to compete only by cutting price rather than adding genuine value.
- 29th January 2008State one factor that influences where a business chooses to locate.
- 30th January 2008Why might a profitable business still need extra finance?
- 31st January 2008A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.