Daily Practice · GCSE Business
February 2013 5-a-day
Every sheet in February 2013
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2013Give one advantage of on-the-job training.
- 2nd February 2013Explain how strong branding can help a business differentiate.
- 3rd February 2013Give one benefit to consumers of a highly competitive market.
- 4th February 2013What is meant by a 'random sample'?
- 5th February 2013What is cost-plus pricing?
- 6th February 2013Give one example of an extension strategy.
- 7th February 2013Give three costs to a business of poor quality.
- 8th February 2013Why should a business look for the cause rather than fixing each faulty item?
- 9th February 2013State the formula for total revenue.
- 10th February 2013State where the shares of a public limited company (plc) can be bought and sold.
- 11th February 2013State the difference between invention and innovation.
- 12th February 2013Explain, in one sentence, how a profitable business could still run out of cash.
- 13th February 2013Give one example of an asset and one example of a liability on a statement of financial position.
- 14th February 2013Explain what chain of command means.
- 15th February 2013State the difference between a wage and a salary.
- 16th February 2013Define computer-aided manufacture (CAM).
- 17th February 2013Explain why rising unemployment during a recession can reduce a business's sales.
- 18th February 2013Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 19th February 2013A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 20th February 2013Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 21st February 2013Define e-commerce and give one benefit for a small business.
- 22nd February 2013Explain how stock control software reduces costs.
- 23rd February 2013Explain why a growing business might change from being a sole trader to a private limited company.
- 24th February 2013Give one reason creativity is a valuable quality for an entrepreneur.
- 25th February 2013State one reason shareholder and employee interests can conflict.
- 26th February 2013State one non-financial reward an entrepreneur might gain from running their own business.
- 27th February 2013Give one advantage and one drawback of trade credit.
- 28th February 2013Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?