Daily Practice · GCSE Business
December 2015 5-a-day
Every sheet in December 2015
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st December 2015Explain, in one sentence, how a profitable business could still run out of cash.
- 2nd December 2015State the formula for gross profit.
- 3rd December 2015Explain what chain of command means.
- 4th December 2015State the difference between a wage and a salary.
- 5th December 2015Define computer-aided manufacture (CAM).
- 6th December 2015Explain why rising unemployment during a recession can reduce a business's sales.
- 7th December 2015Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 8th December 2015A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 9th December 2015Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 10th December 2015Define e-commerce and give one benefit for a small business.
- 11th December 2015Explain how stock control software reduces costs.
- 12th December 2015Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 13th December 2015Define entrepreneur.
- 14th December 2015State one reason shareholder and employee interests can conflict.
- 15th December 2015Explain the general relationship between risk and potential reward in business.
- 16th December 2015Give one drawback of using retained profit to finance expansion.
- 17th December 2015Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 18th December 2015State the difference between recruitment and selection.
- 19th December 2015Identify one item typically found in a job description.
- 20th December 2015State what the National Minimum Wage and National Living Wage are.
- 21st December 2015State one area of business legislation.
- 22nd December 2015What is the difference between primary and secondary market research?
- 23rd December 2015Why is cash flow often negative during the introduction stage?
- 24th December 2015State one risk of a poorly judged brand extension.
- 25th December 2015Define supply chain.
- 26th December 2015Why does higher productivity usually reduce unit cost?
- 27th December 2015Give one reason an entrepreneur might delay launching a new business during an economic downturn.
- 28th December 2015Give one example of a primary market research method.
- 29th December 2015State the type of financial forecast that shows the money expected to flow in and out of a business month by month.
- 30th December 2015What is overtrading?
- 31st December 2015What is the difference between a cash inflow and a cash outflow?