Daily Practice · GCSE Business
October 2014 5-a-day
Every sheet in October 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st October 2014Define entrepreneur.
- 2nd October 2014Identify whether the local community is an internal or external stakeholder.
- 3rd October 2014Explain the general relationship between risk and potential reward in business.
- 4th October 2014Give one advantage and one drawback of trade credit.
- 5th October 2014Is paying the electricity bill capital or revenue expenditure? Explain.
- 6th October 2014State one selection method used to test a candidate's communication skills.
- 7th October 2014Give one item typically found in a person specification.
- 8th October 2014Give one cost to a business of providing full health and safety training to all staff.
- 9th October 2014Give an example of a data protection duty a business has.
- 10th October 2014Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 11th October 2014What shape does a typical product life cycle sales graph take?
- 12th October 2014Why can strong branding allow a business to charge a premium price?
- 13th October 2014Give three criteria a business uses when choosing a supplier.
- 14th October 2014State two benefits of cell production compared with a long assembly line.
- 15th October 2014Give one reason an entrepreneur might delay launching a new business during an economic downturn.
- 16th October 2014Give one example of a primary market research method.
- 17th October 2014State the type of financial forecast that shows the money expected to flow in and out of a business month by month.
- 18th October 2014Why can a profitable business still become insolvent?
- 19th October 2014State the formula for net cash flow.
- 20th October 2014The same business's fixed costs rise to 6,500 pounds, with the contribution per unit unchanged. Calculate the new break-even output.
- 21st October 2014State one way a business could measure whether training has been effective.
- 22nd October 2014State what Herzberg claimed happens if hygiene factors are inadequate.
- 23rd October 2014State one example of an environmental issue a business might cause.
- 24th October 2014State one benefit of e-commerce over selling in a physical shop.
- 25th October 2014Give one benefit to a small business of selling through e-commerce rather than only a physical store.
- 26th October 2014What is sponsorship, in a marketing context?
- 27th October 2014A business making 500,000 identical plastic bottles a day has total costs of 60,000 pounds a day. Calculate the unit cost.
- 28th October 2014State two costs of providing excellent customer service.
- 29th October 2014Give one example of a business adapting successfully to a change in its external environment.
- 30th October 2014What term describes the process of identifying a gap in the market and taking the risk to fill it?
- 31st October 2014State the difference between an aim and an objective.