Daily Practice · GCSE Business
May 2014 5-a-day
Every sheet in May 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2014State the four main stages of the business cycle.
- 2nd May 2014State which UK institution sets the base rate that heavily influences interest rates.
- 3rd May 2014Give one sign in a case study that a business's marketing mix is inconsistent.
- 4th May 2014What is a direct distribution channel?
- 5th May 2014A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 6th May 2014Define productivity and state the formula.
- 7th May 2014Explain why a growing business might change from being a sole trader to a private limited company.
- 8th May 2014Give one reason creativity is a valuable quality for an entrepreneur.
- 9th May 2014Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 10th May 2014State one non-financial reward an entrepreneur might gain from running their own business.
- 11th May 2014Give one drawback of using retained profit to finance expansion.
- 12th May 2014On which financial statement does capital expenditure appear, and as what?
- 13th May 2014State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 14th May 2014State the difference between a job description and a person specification.
- 15th May 2014State one duty an employer has under health and safety law.
- 16th May 2014Give one cost to a business of complying with new legislation.
- 17th May 2014What is the difference between primary and secondary market research?
- 18th May 2014During which stage of the product life cycle are sales typically at their highest?
- 19th May 2014Give one way a business builds brand recognition through the marketing mix, other than the product itself.
- 20th May 2014Explain why a supplier's poor quality is a problem even when the business itself checks the goods.
- 21st May 2014Define lean production.
- 22nd May 2014Explain why businesses selling non-essential, expensive products are often affected more by a recession than businesses selling essentials.
- 23rd May 2014Define market segmentation.
- 24th May 2014Give one reason a business plan helps the entrepreneur themselves, not just outside lenders.
- 25th May 2014Give one consequence a business could face if it runs out of cash to pay its suppliers.
- 26th May 2014What becomes the opening balance for April if a business's closing balance for March is 1,300 pounds?
- 27th May 2014Give one possible drawback of raising the selling price to lower the break-even output.
- 28th May 2014Explain one reason training can improve staff motivation.
- 29th May 2014State who developed the two-factor theory of motivation.
- 30th May 2014State one example of an unethical business practice.
- 31st May 2014Explain what click-through rate measures.