Daily Practice · GCSE Business
August 2012 5-a-day
Every sheet in August 2012
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2012State one advantage and one disadvantage of using a single supplier.
- 2nd August 2012Explain what kaizen means and why employee involvement is essential to it.
- 3rd August 2012State the three stages of the economic, or business, cycle referred to in this topic.
- 4th August 2012State the difference between primary and secondary market research.
- 5th August 2012Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 6th August 2012What is meant by a 'cash-flow problem'?
- 7th August 2012A 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.
- 8th August 2012Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
- 9th August 2012Identify one legal reason a business must provide training.
- 10th August 2012State one way a business could apply Herzberg's theory to motivate staff beyond paying them more.
- 11th August 2012Explain one risk to a business of being exposed for unethical behaviour.
- 12th August 2012Define search engine optimisation (SEO).
- 13th August 2012State one risk to a business's reputation created by social media and online reviews.
- 14th August 2012Give one advantage of digital promotion over traditional above the line advertising.
- 15th August 2012Give one reason a job production business might charge a higher price.
- 16th August 2012How can good customer service justify a higher price?
- 17th August 2012Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 18th August 2012State the difference between a good and a service.
- 19th August 2012State one non-financial aim a business might have.
- 20th August 2012State one action a new business owner could take to reduce the risk of cash-flow problems.
- 21st August 2012State the formula for gross profit margin.
- 22nd August 2012A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 23rd August 2012Identify one risk of decentralisation.
- 24th August 2012A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 25th August 2012Explain what fit for purpose means under consumer law.
- 26th August 2012Define an export.
- 27th August 2012State the effect of a depreciating pound on UK exporters' price competitiveness abroad.
- 28th August 2012Why should the 4Ps be based on the results of market segmentation?
- 29th August 2012True or false: the correct balance of the design mix is the same for every product.
- 30th August 2012State two costs of holding too much stock.
- 31st August 2012Explain one risk of sourcing from overseas.