Daily Practice · GCSE Business
November 2012 5-a-day
Every sheet in November 2012
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2012State one internal cause of new business failure.
- 2nd November 2012A business has revenue of 90,000 pounds and net profit of 18,000 pounds. Calculate its net profit margin.
- 3rd November 2012Name one limitation of using ratio analysis to judge business performance.
- 4th November 2012Identify one likely effect of delayering on remaining managers' span of control.
- 5th November 2012Give one non-pay reason an employee might leave a job.
- 6th November 2012State the length of the short-term right to reject faulty goods for a full refund.
- 7th November 2012Define an import.
- 8th November 2012Using the same order, if the pound then depreciates to 1 pound = 1.00 euro, calculate the new cost in pounds and state whether the importer is better or worse off.
- 9th November 2012Give one example of a 'Product' decision, other than its physical features.
- 10th November 2012State one reason a business selling in a highly price-sensitive, budget market might deliberately limit a product's aesthetics.
- 11th November 2012Define lead time.
- 12th November 2012List five criteria a business uses to choose a supplier.
- 13th November 2012Give one example of an economy of scale.
- 14th November 2012State one risk of trying to compete only by cutting price rather than adding genuine value.
- 15th November 2012State one factor that influences where a business chooses to locate.
- 16th November 2012Give one example of a start-up cost for a new hairdressing salon.
- 17th November 2012On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
- 18th November 2012A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
- 19th November 2012Explain one advantage to an employee of flexible working.
- 20th November 2012State one benefit of off-the-job training over on-the-job training.
- 21st November 2012Define a unique selling point (USP).
- 22nd November 2012Define market share.
- 23rd November 2012A 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?
- 24th November 2012A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
- 25th November 2012Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 26th November 2012State the difference between quality control and quality assurance.
- 27th November 2012Distinguish between internal and external failure costs.
- 28th November 2012Explain the two ways a business can increase its profit.
- 29th November 2012Give one document that partners typically draw up when forming a partnership.
- 30th November 2012Define what is meant by the dynamic nature of the business environment.