Daily Practice · GCSE Business
December 2014 5-a-day
Every sheet in December 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2014What is the key difference between cash and profit?
- 2nd December 2014What equation must always balance on a statement of financial position?
- 3rd December 2014State one feature of a tall organisational structure.
- 4th December 2014Explain one drawback of relying only on financial rewards to motivate staff.
- 5th December 2014State one function of a business that can be affected by new technology.
- 6th December 2014Define a recession.
- 7th December 2014Define inflation.
- 8th December 2014Why might a business need to change its marketing mix as a product moves from growth to maturity in its life cycle?
- 9th December 2014Why might a business use both a website and physical stores rather than just one?
- 10th December 2014Explain one benefit and one risk of using a chatbot for customer enquiries.
- 11th December 2014State two drawbacks of automating a production line.
- 12th December 2014State what a franchisee pays a franchisor for.
- 13th December 2014State one quality commonly associated with successful entrepreneurs.
- 14th December 2014State one interest a supplier has in the businesses it supplies.
- 15th December 2014Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
- 16th December 2014What is crowdfunding?
- 17th December 2014What is capital expenditure?
- 18th December 2014Identify one document a candidate usually submits when applying for a job.
- 19th December 2014Identify the term for a qualification or skill that is useful but not required for a role.
- 20th December 2014Explain one benefit to a business of complying fully with employment and health and safety law.
- 21st December 2014Define legislation.
- 22nd December 2014Is '45% of customers said they would buy the product' quantitative or qualitative data?
- 23rd December 2014Give one reason a fashion product might have a shorter product life cycle than a household appliance.
- 24th December 2014What is meant by 'brand equity'?
- 25th December 2014Explain how trade credit affects a small business's cash flow.
- 26th December 2014Explain one risk of removing all buffer stock as part of lean production.
- 27th December 2014State the three stages of the economic, or business, cycle referred to in this topic.
- 28th December 2014State the difference between primary and secondary market research.
- 29th December 2014Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 30th December 2014State one drawback of using an overdraft to solve a cash-flow problem.
- 31st December 2014A business has an opening balance of 1,000 pounds, inflows of 6,000 pounds and outflows of 5,200 pounds for the month. Calculate its closing balance.