Daily Practice · GCSE Business
November 2013 5-a-day
Every sheet in November 2013
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2013State one action a new business owner could take to reduce the risk of cash-flow problems.
- 2nd November 2013A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.
- 3rd November 2013What does the net profit margin measure?
- 4th November 2013State one disadvantage of centralisation.
- 5th November 2013Explain one reason high labour turnover can reduce productivity.
- 6th November 2013State the three main standards goods must meet under the Consumer Rights Act 2015.
- 7th November 2013Define globalisation.
- 8th November 2013State the effect of an appreciating pound on the cost of imports to a UK business.
- 9th November 2013A business cuts its price significantly. Give one other element of the mix it may also need to change, and why.
- 10th November 2013Name the three elements of the design mix.
- 11th November 2013Explain one benefit and one risk of just in time stock control.
- 12th November 2013Define single sourcing and give one advantage.
- 13th November 2013Define overtrading.
- 14th November 2013State one method a business can use to add value to its product.
- 15th November 2013Explain why access to good transport links matters to a business that delivers goods nationally.
- 16th November 2013State one reason an established business, not a start-up, might need finance.
- 17th November 2013A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
- 18th November 2013Why might a lender be unwilling to give a large, unsecured loan to a brand-new business with no trading history?
- 19th November 2013Identify the type of contract that has no guaranteed minimum hours.
- 20th November 2013Identify one purpose of induction training.
- 21st November 2013Give one risk of competing mainly on price rather than differentiating.
- 22nd November 2013State one way a business could respond to a new competitor entering the market.
- 23rd November 2013A line graph shows a product's sales rising steadily for three years then falling in year four. What might this pattern suggest about the product's position in the product life cycle?
- 24th November 2013Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 25th November 2013What is a 'star' in the Boston Matrix?
- 26th November 2013What is continuous improvement, and why does it depend on employees?
- 27th November 2013Give one reason employees are a good source of information about quality problems.
- 28th November 2013A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
- 29th November 2013Name a well-known UK public limited company.
- 30th November 2013Explain why spotting a trend early can benefit an entrepreneur.