Daily Practice · GCSE Business
July 2014 5-a-day
Every sheet in July 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2014A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
- 2nd July 2014Give one example of an extension strategy.
- 3rd July 2014Give three costs to a business of poor quality.
- 4th July 2014Why should a business look for the cause rather than fixing each faulty item?
- 5th July 2014State the formula for total revenue.
- 6th July 2014State where the shares of a public limited company (plc) can be bought and sold.
- 7th July 2014Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 8th July 2014Explain, in one sentence, how a profitable business could still run out of cash.
- 9th July 2014A business has gross profit of 35,000 pounds and expenses of 22,000 pounds. Calculate its net profit.
- 10th July 2014Explain what chain of command means.
- 11th July 2014State the difference between a wage and a salary.
- 12th July 2014Define computer-aided manufacture (CAM).
- 13th July 2014Explain why rising unemployment during a recession can reduce a business's sales.
- 14th July 2014Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 15th July 2014A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 16th July 2014Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 17th July 2014Define e-commerce and give one benefit for a small business.
- 18th July 2014Explain how stock control software reduces costs.
- 19th July 2014Give one advantage of buying a franchise rather than starting an entirely independent business.
- 20th July 2014State one way an entrepreneur could generate a business idea without inventing something completely new.
- 21st July 2014State one reason shareholder and employee interests can conflict.
- 22nd July 2014Define reward in the context of enterprise.
- 23rd July 2014A business leases a delivery van instead of buying it. Give one advantage of leasing over buying.
- 24th July 2014Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 25th July 2014State the difference between recruitment and selection.
- 26th July 2014Identify one item typically found in a job description.
- 27th July 2014State what the National Minimum Wage and National Living Wage are.
- 28th July 2014State one area of business legislation.
- 29th July 2014State one reason a sample of 20 people, all surveyed outside the same shop, might produce unreliable data.
- 30th July 2014Why is cash flow often negative during the introduction stage?
- 31st July 2014State one risk of a poorly judged brand extension.