Daily Practice · GCSE Business
August 2014 5-a-day
Every sheet in August 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2014Define supply chain.
- 2nd August 2014Why does higher productivity usually reduce unit cost?
- 3rd August 2014Identify what typically happens to unemployment during a recession.
- 4th August 2014State one characteristic a business might use to segment its market.
- 5th August 2014Explain why a business plan is not a guarantee of success.
- 6th August 2014What is overtrading?
- 7th August 2014What is the difference between a cash inflow and a cash outflow?
- 8th August 2014A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 9th August 2014State the difference between training and development.
- 10th August 2014Identify one example of a hygiene factor.
- 11th August 2014Explain why there can be a trade-off between acting ethically and making a profit.
- 12th August 2014Define e-commerce.
- 13th August 2014What is e-commerce?
- 14th August 2014What is the difference between above the line and below the line promotion?
- 15th August 2014Explain why flow production is risky if demand is unpredictable.
- 16th August 2014Give three examples of after-sales service.
- 17th August 2014Explain why a change in the law can force a business to change how it operates.
- 18th August 2014State one reason why entrepreneurs take on risk when starting a business.
- 19th August 2014Identify one common aim of a brand new start-up business.
- 20th August 2014Explain why a profitable business can still fail.
- 21st August 2014A business calculates a net profit margin of 45% and a gross profit margin of 30% for the same year. Explain why this result must be wrong.
- 22nd August 2014What does the gross profit margin measure?
- 23rd August 2014Explain one advantage of decentralisation.
- 24th August 2014State one method a business could use to improve staff retention.
- 25th August 2014Name the main UK law protecting consumers when buying goods.
- 26th August 2014State one way improved transport has supported globalisation.
- 27th August 2014State what it means when the pound depreciates.
- 28th August 2014Which element of the marketing mix refers to how a business communicates with and persuades its customers?
- 29th August 2014Give one example of an aesthetic feature of a product.
- 30th August 2014State two consequences of holding too little stock.
- 31st August 2014Give one reason a business might publicise its supplier standards.