Daily Practice · GCSE Business
February 2017 5-a-day
Every sheet in February 2017
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2017Define a unique selling point (USP).
- 2nd February 2017Define market share.
- 3rd February 2017A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 4th February 2017Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 5th February 2017Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 6th February 2017State the difference between quality control and quality assurance.
- 7th February 2017Distinguish between internal and external failure costs.
- 8th February 2017Explain the two ways a business can increase its profit.
- 9th February 2017Give one document that partners typically draw up when forming a partnership.
- 10th February 2017Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 11th February 2017Give one example of a current asset and one example of a current liability.
- 12th February 2017What does the income statement show?
- 13th February 2017Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 14th February 2017State what job rotation means.
- 15th February 2017Give one example of technology used in human resources.
- 16th February 2017State the four main stages of the business cycle.
- 17th February 2017State which UK institution sets the base rate that heavily influences interest rates.
- 18th February 2017Give one sign in a case study that a business's marketing mix is inconsistent.
- 19th February 2017What is a direct distribution channel?
- 20th February 2017A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 21st February 2017Define productivity and state the formula.
- 22nd February 2017Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 23rd February 2017Define entrepreneur.
- 24th February 2017Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 25th February 2017Explain the general relationship between risk and potential reward in business.
- 26th February 2017State one advantage of an overdraft as a source of finance.
- 27th February 2017On which financial statement does capital expenditure appear, and as what?
- 28th February 2017State one reason a business might use a recruitment agency rather than advertise a vacancy itself.