Daily Practice · GCSE Business
May 2010 5-a-day
Every sheet in May 2010
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2010Define computer-aided manufacture (CAM).
- 2nd May 2010Explain why rising unemployment during a recession can reduce a business's sales.
- 3rd May 2010Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 4th May 2010A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 5th May 2010Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 6th May 2010Define e-commerce and give one benefit for a small business.
- 7th May 2010Explain how stock control software reduces costs.
- 8th May 2010State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 9th May 2010Identify one source of new business ideas, other than spotting a gap in the market.
- 10th May 2010State one reason shareholder and employee interests can conflict.
- 11th May 2010State one reason a franchise is generally considered lower risk than an independent start-up.
- 12th May 2010A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
- 13th May 2010Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 14th May 2010State the difference between recruitment and selection.
- 15th May 2010Identify one item typically found in a job description.
- 16th May 2010State what the National Minimum Wage and National Living Wage are.
- 17th May 2010State one area of business legislation.
- 18th May 2010Name three variables a business could use to segment a market.
- 19th May 2010Why is cash flow often negative during the introduction stage?
- 20th May 2010State one risk of a poorly judged brand extension.
- 21st May 2010Define supply chain.
- 22nd May 2010Why does higher productivity usually reduce unit cost?
- 23rd May 2010State one way a business might respond to falling consumer spending during a recession.
- 24th May 2010Explain why a business should carry out market research before launching a new product.
- 25th May 2010State one section usually included in a business plan.
- 26th May 2010What is overtrading?
- 27th May 2010What is the difference between a cash inflow and a cash outflow?
- 28th May 2010A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 29th May 2010State the difference between training and development.
- 30th May 2010Identify one example of a hygiene factor.
- 31st May 2010Explain why there can be a trade-off between acting ethically and making a profit.