Daily Practice · GCSE Business
July 2015 5-a-day
Every sheet in July 2015
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2015Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 2nd July 2015What two factors does the Boston Matrix measure?
- 3rd July 2015A business makes 8,000 units a month and rejects 2.5 per cent. Calculate the number rejected.
- 4th July 2015Give three ways a business can identify quality problems.
- 5th July 2015Identify whether rent is a fixed cost or a variable cost.
- 6th July 2015State the ownership structure that has one owner and unlimited liability.
- 7th July 2015State the difference between invention and innovation.
- 8th July 2015Why is cash considered more liquid than stock, even though both can be current assets?
- 9th July 2015What does the income statement show?
- 10th July 2015State one disadvantage of a narrow span of control.
- 11th July 2015Identify one example of job enrichment.
- 12th July 2015State one risk to a business of storing customer data online.
- 13th July 2015State one type of business that might see demand rise during a recession.
- 14th July 2015Define unemployment.
- 15th July 2015True or false: a marketing mix that worked well at launch will always remain the correct mix for the rest of the product's life.
- 16th July 2015What is a wholesaler?
- 17th July 2015Give one operational cost that e-commerce creates which a shop does not have.
- 18th July 2015Why does technology investment need to be judged against demand rather than cost alone?
- 19th July 2015Explain why a growing business might change from being a sole trader to a private limited company.
- 20th July 2015Give one reason creativity is a valuable quality for an entrepreneur.
- 21st July 2015Identify whether shareholders are internal or external stakeholders.
- 22nd July 2015State one non-financial reward an entrepreneur might gain from running their own business.
- 23rd July 2015State one advantage of an overdraft as a source of finance.
- 24th July 2015A business buys office furniture for 3,200 pounds and pays 1,800 pounds in staff wages in the same month. Calculate its total capital expenditure for the month.
- 25th July 2015Give one advantage of internal recruitment.
- 26th July 2015State one risk to a business of recruiting without a clear job description.
- 27th July 2015Give one example of a protected characteristic under the Equality Act 2010.
- 28th July 2015State one risk to a business of breaking the law.
- 29th July 2015Give one example of a primary research method.
- 30th July 2015True or false: every product follows the product life cycle at the same speed.
- 31st July 2015Give one benefit to a business of strong brand recognition.