Daily Practice · GCSE Business
April 2015 5-a-day
Every sheet in April 2015
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 2015State the three main standards goods must meet under the Consumer Rights Act 2015.
- 2nd April 2015Define globalisation.
- 3rd April 2015State the effect of an appreciating pound on the cost of imports to a UK business.
- 4th April 2015A business cuts its price significantly. Give one other element of the mix it may also need to change, and why.
- 5th April 2015Name the three elements of the design mix.
- 6th April 2015Explain one benefit and one risk of just in time stock control.
- 7th April 2015Define single sourcing and give one advantage.
- 8th April 2015Give one example of an economy of scale.
- 9th April 2015State one risk of trying to compete only by cutting price rather than adding genuine value.
- 10th April 2015State one factor that influences where a business chooses to locate.
- 11th April 2015State one reason an established business, not a start-up, might need finance.
- 12th April 2015A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
- 13th April 2015Why might a lender be unwilling to give a large, unsecured loan to a brand-new business with no trading history?
- 14th April 2015Identify the type of contract that has no guaranteed minimum hours.
- 15th April 2015Identify one purpose of induction training.
- 16th April 2015Give one risk of competing mainly on price rather than differentiating.
- 17th April 2015State one way a business could respond to a new competitor entering the market.
- 18th April 2015A line graph shows a product's sales rising steadily for three years then falling in year four. What might this pattern suggest about the product's position in the product life cycle?
- 19th April 2015What is a loss leader?
- 20th April 2015What is a 'star' in the Boston Matrix?
- 21st April 2015What is continuous improvement, and why does it depend on employees?
- 22nd April 2015Give one reason employees are a good source of information about quality problems.
- 23rd April 2015A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
- 24th April 2015Name a well-known UK public limited company.
- 25th April 2015Define what is meant by the dynamic nature of the business environment.
- 26th April 2015State the formula for working capital.
- 27th April 2015A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 28th April 2015State what span of control measures.
- 29th April 2015Identify one financial method of motivation.
- 30th April 2015State one cost to a business of introducing new technology.