Daily Practice · GCSE Business
December 2008 5-a-day
Every sheet in December 2008
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2008Identify one source of change that can create new business opportunities.
- 2nd December 2008Explain, in one sentence, how a profitable business could still run out of cash.
- 3rd December 2008A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 4th December 2008Explain what chain of command means.
- 5th December 2008State the difference between a wage and a salary.
- 6th December 2008Define computer-aided manufacture (CAM).
- 7th December 2008Explain why rising unemployment during a recession can reduce a business's sales.
- 8th December 2008Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 9th December 2008A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 10th December 2008Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 11th December 2008Define e-commerce and give one benefit for a small business.
- 12th December 2008Explain how stock control software reduces costs.
- 13th December 2008State what a franchisee pays a franchisor for.
- 14th December 2008State one quality commonly associated with successful entrepreneurs.
- 15th December 2008State one reason shareholder and employee interests can conflict.
- 16th December 2008Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
- 17th December 2008Is retained profit an internal or an external source of finance?
- 18th December 2008Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 19th December 2008State the difference between recruitment and selection.
- 20th December 2008Identify one item typically found in a job description.
- 21st December 2008State what the National Minimum Wage and National Living Wage are.
- 22nd December 2008State one area of business legislation.
- 23rd December 2008What is meant by a 'representative sample'?
- 24th December 2008Why is cash flow often negative during the introduction stage?
- 25th December 2008State one risk of a poorly judged brand extension.
- 26th December 2008Define supply chain.
- 27th December 2008Why does higher productivity usually reduce unit cost?
- 28th December 2008State the three stages of the economic, or business, cycle referred to in this topic.
- 29th December 2008State the difference between primary and secondary market research.
- 30th December 2008Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 31st December 2008What is overtrading?