Daily Practice · GCSE Business
March 2013 5-a-day
Every sheet in March 2013
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st March 2013State the difference between recruitment and selection.
- 2nd March 2013Identify one item typically found in a job description.
- 3rd March 2013State what the National Minimum Wage and National Living Wage are.
- 4th March 2013State one area of business legislation.
- 5th March 2013Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 6th March 2013Why is cash flow often negative during the introduction stage?
- 7th March 2013State one risk of a poorly judged brand extension.
- 8th March 2013Define supply chain.
- 9th March 2013Why does higher productivity usually reduce unit cost?
- 10th March 2013Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 11th March 2013Define market segmentation.
- 12th March 2013Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 13th March 2013What is overtrading?
- 14th March 2013What is the difference between a cash inflow and a cash outflow?
- 15th March 2013A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 16th March 2013State the difference between training and development.
- 17th March 2013Identify one example of a hygiene factor.
- 18th March 2013Explain why there can be a trade-off between acting ethically and making a profit.
- 19th March 2013Define e-commerce.
- 20th March 2013What is e-commerce?
- 21st March 2013What is the difference between above the line and below the line promotion?
- 22nd March 2013Explain why flow production is risky if demand is unpredictable.
- 23rd March 2013Give three examples of after-sales service.
- 24th March 2013Give an example of a change in technology that has affected how many UK retailers operate.
- 25th March 2013State one reason why entrepreneurs take on risk when starting a business.
- 26th March 2013Identify one common aim of a brand new start-up business.
- 27th March 2013Give one reason poor market research increases the risk of a new business failing.
- 28th March 2013A business calculates a net profit margin of 45% and a gross profit margin of 30% for the same year. Explain why this result must be wrong.
- 29th March 2013What does the gross profit margin measure?
- 30th March 2013Explain one advantage of decentralisation.
- 31st March 2013State one method a business could use to improve staff retention.