Daily Practice · GCSE Business
May 2008 5-a-day
Every sheet in May 2008
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2008State one cost to a business of introducing new technology.
- 2nd May 2008Give an example of a direct tax.
- 3rd May 2008Define interest rate.
- 4th May 2008Why is it useful to check a marketing mix against market segmentation data before evaluating it?
- 5th May 2008What does 'omnichannel distribution' mean?
- 6th May 2008State two ways a website improves customer service without any staff involvement.
- 7th May 2008Give one way e-commerce changes a small retailer's operations.
- 8th May 2008Explain why a growing business might change from being a sole trader to a private limited company.
- 9th May 2008Give one reason creativity is a valuable quality for an entrepreneur.
- 10th May 2008Give one interest the government has as a stakeholder in a business.
- 11th May 2008State one non-financial reward an entrepreneur might gain from running their own business.
- 12th May 2008Give one advantage and one drawback of trade credit.
- 13th May 2008Is buying a new shop premises capital or revenue expenditure? Explain.
- 14th May 2008Identify one method of external recruitment.
- 15th May 2008State one recruitment document used to help write a job advert.
- 16th May 2008Name the UK law that requires employers to protect the health, safety and welfare of their employees.
- 17th May 2008Explain why legislation is described as an external influence on business.
- 18th May 2008Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 19th May 2008State one marketing mix change a business might make during the decline stage.
- 20th May 2008What is brand loyalty?
- 21st May 2008State one advantage and one disadvantage of using a single supplier.
- 22nd May 2008Explain what kaizen means and why employee involvement is essential to it.
- 23rd May 2008Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 24th May 2008Define market segmentation.
- 25th May 2008Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 26th May 2008What is meant by a 'cash-flow problem'?
- 27th May 2008A business forecasts an opening balance of -500 pounds for June, inflows of 4,000 pounds and outflows of 3,200 pounds. Calculate the closing balance.
- 28th May 2008Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
- 29th May 2008Identify one legal reason a business must provide training.
- 30th May 2008State one way a business could apply Herzberg's theory to motivate staff beyond paying them more.
- 31st May 2008Explain one risk to a business of being exposed for unethical behaviour.