Daily Practice · GCSE Business
January 2014 5-a-day
Every sheet in January 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st January 2014Using your answer above, if fixed costs are 3,600 pounds, calculate the break-even output.
- 2nd January 2014Identify one legal reason a business must provide training.
- 3rd January 2014State one way a business could apply Herzberg's theory to motivate staff beyond paying them more.
- 4th January 2014Explain one risk to a business of being exposed for unethical behaviour.
- 5th January 2014Define search engine optimisation (SEO).
- 6th January 2014State one risk to a business's reputation created by social media and online reviews.
- 7th January 2014Give one advantage of digital promotion over traditional above the line advertising.
- 8th January 2014Give one reason a job production business might charge a higher price.
- 9th January 2014How can good customer service justify a higher price?
- 10th January 2014State one reason a change in consumer tastes might force a food business to change its menu.
- 11th January 2014State the difference between a good and a service.
- 12th January 2014State one non-financial aim a business might have.
- 13th January 2014State one internal cause of new business failure.
- 14th January 2014State the formula for gross profit margin.
- 15th January 2014A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 16th January 2014Identify one risk of decentralisation.
- 17th January 2014A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 18th January 2014Explain what fit for purpose means under consumer law.
- 19th January 2014Define an export.
- 20th January 2014State the effect of a depreciating pound on UK exporters' price competitiveness abroad.
- 21st January 2014Why should the 4Ps be based on the results of market segmentation?
- 22nd January 2014True or false: the correct balance of the design mix is the same for every product.
- 23rd January 2014State two costs of holding too much stock.
- 24th January 2014Explain one risk of sourcing from overseas.
- 25th January 2014Give one example of an economy of scale.
- 26th January 2014State one risk of trying to compete only by cutting price rather than adding genuine value.
- 27th January 2014State one factor that influences where a business chooses to locate.
- 28th January 2014What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
- 29th January 2014What does 'break-even' mean?
- 30th January 2014State two factors a business owner should consider when choosing a source of finance.
- 31st January 2014State what a contract of employment sets out.