Daily Practice · GCSE Business
January 2011 5-a-day
Every sheet in January 2011
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st January 2011State the formula for a month's closing balance.
- 2nd January 2011If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?
- 3rd January 2011Identify one direct cost of training.
- 4th January 2011Explain why, according to Herzberg, simply raising pay may not increase motivation.
- 5th January 2011Define business ethics.
- 6th January 2011Give one reason e-commerce might exclude some customers.
- 7th January 2011Give one way technology allows a business to target its promotion more precisely than traditional mass-media advertising.
- 8th January 2011Why must promotion be consistent with the rest of the marketing mix?
- 9th January 2011A bakery makes 200 white loaves, then 150 wholemeal, then 100 seeded. Name the process and explain how you can tell.
- 10th January 2011List four stages of a typical sales process.
- 11th January 2011Explain why a change in the law can force a business to change how it operates.
- 12th January 2011Explain why most private sector businesses aim to make a profit.
- 13th January 2011Give one reason a well-established plc might prioritise profit maximisation over survival.
- 14th January 2011Explain why a profitable business can still fail.
- 15th January 2011A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.
- 16th January 2011What does the net profit margin measure?
- 17th January 2011State one disadvantage of centralisation.
- 18th January 2011Explain one reason high labour turnover can reduce productivity.
- 19th January 2011State the three main standards goods must meet under the Consumer Rights Act 2015.
- 20th January 2011Define globalisation.
- 21st January 2011State the effect of an appreciating pound on the cost of imports to a UK business.
- 22nd January 2011A business cuts its price significantly. Give one other element of the mix it may also need to change, and why.
- 23rd January 2011Name the three elements of the design mix.
- 24th January 2011Explain one benefit and one risk of just in time stock control.
- 25th January 2011Define single sourcing and give one advantage.
- 26th January 2011State the difference between organic and external growth.
- 27th January 2011Identify why adding value can be more attractive to a business than competing purely on low price.
- 28th January 2011State one cost that is usually higher for premises in a town or city centre than on the edge of town.
- 29th January 2011State one reason an established business, not a start-up, might need finance.
- 30th January 2011A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
- 31st January 2011Why might a lender be unwilling to give a large, unsecured loan to a brand-new business with no trading history?