Daily Practice · GCSE Business
July 2011 5-a-day
Every sheet in July 2011
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2011A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 2nd July 2011What is cost-plus pricing?
- 3rd July 2011Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 4th July 2011State the difference between quality control and quality assurance.
- 5th July 2011Distinguish between internal and external failure costs.
- 6th July 2011Explain the two ways a business can increase its profit.
- 7th July 2011Give one document that partners typically draw up when forming a partnership.
- 8th July 2011Explain why spotting a trend early can benefit an entrepreneur.
- 9th July 2011Give one example of a current asset and one example of a current liability.
- 10th July 2011Give one example of an asset and one example of a liability on a statement of financial position.
- 11th July 2011Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 12th July 2011State what job rotation means.
- 13th July 2011Give one example of technology used in human resources.
- 14th July 2011State the four main stages of the business cycle.
- 15th July 2011State which UK institution sets the base rate that heavily influences interest rates.
- 16th July 2011Give one sign in a case study that a business's marketing mix is inconsistent.
- 17th July 2011What is a direct distribution channel?
- 18th July 2011A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 19th July 2011Define productivity and state the formula.
- 20th July 2011State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 21st July 2011Identify one source of new business ideas, other than spotting a gap in the market.
- 22nd July 2011Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 23rd July 2011State one reason a franchise is generally considered lower risk than an independent start-up.
- 24th July 2011Give one advantage and one drawback of trade credit.
- 25th July 2011On which financial statement does capital expenditure appear, and as what?
- 26th July 2011State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 27th July 2011State the difference between a job description and a person specification.
- 28th July 2011State one duty an employer has under health and safety law.
- 29th July 2011Give one cost to a business of complying with new legislation.
- 30th July 2011Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 31st July 2011During which stage of the product life cycle are sales typically at their highest?