Daily Practice · GCSE Business
April 2016 5-a-day
Every sheet in April 2016
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 2016State what a tariff is.
- 2nd April 2016If the exchange rate is 1 pound = 1.20 euros and a UK business imports goods costing 6,000 euros, calculate the cost in pounds.
- 3rd April 2016State one decision a business makes under 'Place'.
- 4th April 2016Why does increasing a product's function or aesthetics usually increase its cost?
- 5th April 2016Why is stock control especially important for a business selling fresh food?
- 6th April 2016A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
- 7th April 2016Define overtrading.
- 8th April 2016State one method a business can use to add value to its product.
- 9th April 2016Explain why access to good transport links matters to a business that delivers goods nationally.
- 10th April 2016A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.
- 11th April 2016State the formula for contribution per unit.
- 12th April 2016A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 13th April 2016State one disadvantage to an employee of a zero-hours contract.
- 14th April 2016State when induction training typically takes place.
- 15th April 2016Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 16th April 2016Explain why a monopoly business can often charge higher prices.
- 17th April 2016A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.
- 18th April 2016What is cost-plus pricing?
- 19th April 2016What is a 'cash cow' in the Boston Matrix?
- 20th April 2016Explain one benefit of making each worker responsible for checking their own work.
- 21st April 2016A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
- 22nd April 2016Identify whether the cost of raw materials is a fixed cost or a variable cost.
- 23rd April 2016Identify the abbreviation added to the end of a private limited company's name.
- 24th April 2016Explain why spotting a trend early can benefit an entrepreneur.
- 25th April 2016What is the key difference between cash and profit?
- 26th April 2016Give one example of an asset and one example of a liability on a statement of financial position.
- 27th April 2016State one feature of a tall organisational structure.
- 28th April 2016Explain one drawback of relying only on financial rewards to motivate staff.
- 29th April 2016State one function of a business that can be affected by new technology.
- 30th April 2016Define a recession.