Daily Practice · GCSE Business
May 2017 5-a-day
Every sheet in May 2017
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2017Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 2nd May 2017A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 3rd May 2017Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 4th May 2017Define e-commerce and give one benefit for a small business.
- 5th May 2017Explain how stock control software reduces costs.
- 6th May 2017State what a franchisee pays a franchisor for.
- 7th May 2017State one quality commonly associated with successful entrepreneurs.
- 8th May 2017State one reason shareholder and employee interests can conflict.
- 9th May 2017Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
- 10th May 2017Why might a sole trader be unable to raise finance through share capital?
- 11th May 2017Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 12th May 2017State the difference between recruitment and selection.
- 13th May 2017Identify one item typically found in a job description.
- 14th May 2017State what the National Minimum Wage and National Living Wage are.
- 15th May 2017State one area of business legislation.
- 16th May 2017A business segments its market by income. Give one product example that suits income-based segmentation.
- 17th May 2017Why is cash flow often negative during the introduction stage?
- 18th May 2017State one risk of a poorly judged brand extension.
- 19th May 2017Define supply chain.
- 20th May 2017Why does higher productivity usually reduce unit cost?
- 21st May 2017State the three stages of the economic, or business, cycle referred to in this topic.
- 22nd May 2017State the difference between primary and secondary market research.
- 23rd May 2017Give one piece of information a bank would want to see in a business plan before agreeing a loan.
- 24th May 2017What is overtrading?
- 25th May 2017What is the difference between a cash inflow and a cash outflow?
- 26th May 2017A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 27th May 2017State the difference between training and development.
- 28th May 2017Identify one example of a hygiene factor.
- 29th May 2017Explain why there can be a trade-off between acting ethically and making a profit.
- 30th May 2017Define e-commerce.
- 31st May 2017What is e-commerce?