Daily Practice · GCSE Business
June 2013 5-a-day
Every sheet in June 2013
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st June 2013Give one benefit to a small business of selling through e-commerce rather than only a physical store.
- 2nd June 2013What is sponsorship, in a marketing context?
- 3rd June 2013A business making 500,000 identical plastic bottles a day has total costs of 60,000 pounds a day. Calculate the unit cost.
- 4th June 2013State two costs of providing excellent customer service.
- 5th June 2013Explain why a change in the law can force a business to change how it operates.
- 6th June 2013What term describes the process of identifying a gap in the market and taking the risk to fill it?
- 7th June 2013State the difference between an aim and an objective.
- 8th June 2013Explain why a profitable business can still fail.
- 9th June 2013State the formula for net profit margin.
- 10th June 2013Why is comparing a ratio to a previous year usually more useful than looking at the ratio for a single year alone?
- 11th June 2013State one reason a business might delayer its structure.
- 12th June 2013Identify one cost to a business of high staff turnover.
- 13th June 2013Give one remedy available to a consumer after the 30-day period has passed.
- 14th June 2013State what a tariff is.
- 15th June 2013If the exchange rate is 1 pound = 1.20 euros and a UK business imports goods costing 6,000 euros, calculate the cost in pounds.
- 16th June 2013State one decision a business makes under 'Place'.
- 17th June 2013Why does increasing a product's function or aesthetics usually increase its cost?
- 18th June 2013Why is stock control especially important for a business selling fresh food?
- 19th June 2013A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
- 20th June 2013State the difference between organic and external growth.
- 21st June 2013Identify why adding value can be more attractive to a business than competing purely on low price.
- 22nd June 2013State one cost that is usually higher for premises in a town or city centre than on the edge of town.
- 23rd June 2013A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.
- 24th June 2013State the formula for contribution per unit.
- 25th June 2013A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 26th June 2013State one disadvantage to an employee of a zero-hours contract.
- 27th June 2013State when induction training typically takes place.
- 28th June 2013Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 29th June 2013Explain why a monopoly business can often charge higher prices.
- 30th June 2013A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.