Daily Practice · GCSE Business
November 2016 5-a-day
Every sheet in November 2016
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2016State the formula for gross profit margin.
- 2nd November 2016A business's gross profit margin falls from 35% to 30%. State whether this is an improvement or a decline.
- 3rd November 2016Identify one risk of decentralisation.
- 4th November 2016A shop had an average of 60 staff and 6 left in a year. Calculate the labour turnover rate.
- 5th November 2016Explain what fit for purpose means under consumer law.
- 6th November 2016Define an export.
- 7th November 2016State the effect of a depreciating pound on UK exporters' price competitiveness abroad.
- 8th November 2016Why should the 4Ps be based on the results of market segmentation?
- 9th November 2016True or false: the correct balance of the design mix is the same for every product.
- 10th November 2016State two costs of holding too much stock.
- 11th November 2016Explain one risk of sourcing from overseas.
- 12th November 2016Identify which type of growth, organic or external, a merger is an example of.
- 13th November 2016Explain how excellent customer service can add value to a service business.
- 14th November 2016Give one non-financial factor, other than transport, that might influence a service business's location choice.
- 15th November 2016What term describes finance needed to cover the gap between paying suppliers and being paid by customers?
- 16th November 2016What does 'break-even' mean?
- 17th November 2016State two factors a business owner should consider when choosing a source of finance.
- 18th November 2016State what a contract of employment sets out.
- 19th November 2016State one disadvantage of off-the-job training.
- 20th November 2016Define differentiation.
- 21st November 2016State one effect of strong competition on the prices a business can charge.
- 22nd November 2016A business's sales rose from 60,000 pounds to 75,000 pounds. Calculate the percentage increase.
- 23rd November 2016What is a loss leader?
- 24th November 2016What two factors does the Boston Matrix measure?
- 25th November 2016A business makes 8,000 units a month and rejects 2.5 per cent. Calculate the number rejected.
- 26th November 2016Give three ways a business can identify quality problems.
- 27th November 2016Identify whether rent is a fixed cost or a variable cost.
- 28th November 2016State the ownership structure that has one owner and unlimited liability.
- 29th November 2016Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 30th November 2016Why is cash considered more liquid than stock, even though both can be current assets?