Daily Practice · GCSE Business
November 2017 5-a-day
Every sheet in November 2017
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2017A business has revenue of 40,000 pounds and gross profit of 16,000 pounds. Calculate its gross profit margin.
- 2nd November 2017Give one reason a business's net profit margin might fall even if its gross profit margin stays the same.
- 3rd November 2017Give one advantage of centralisation.
- 4th November 2017Identify what a persistently high labour turnover rate might suggest about a business.
- 5th November 2017Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 6th November 2017Give one reason globalisation has increased competition for UK businesses.
- 7th November 2017Define exchange rate.
- 8th November 2017True or false: each element of the marketing mix should be decided independently of the others.
- 9th November 2017A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?
- 10th November 2017Explain how buffer stock protects a business, and state its cost.
- 11th November 2017Explain how credit terms can matter more than price to a small business.
- 12th November 2017State one risk specific to growth through a merger or takeover, other than cost.
- 13th November 2017Define adding value in a business context.
- 14th November 2017Identify which location factor matters most to a business that relies heavily on passing trade.
- 15th November 2017Why might a profitable business still need extra finance?
- 16th November 2017A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.
- 17th November 2017Why might a business choose an overdraft rather than a bank loan for a short-term cash-flow gap?
- 18th November 2017Identify one item usually included in a contract of employment.
- 19th November 2017Explain one disadvantage of on-the-job training.
- 20th November 2017State one way a business can differentiate through customer service.
- 21st November 2017Explain why a business's market share could fall even if its own sales revenue is rising.
- 22nd November 2017Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 23rd November 2017What is cost-plus pricing?
- 24th November 2017What is an extension strategy?
- 25th November 2017Explain why quality matters more for a business selling online than for a market stall.
- 26th November 2017Explain why external failure usually costs more per unit than internal failure.
- 27th November 2017A business has fixed costs of 3,000 pounds and variable costs of 4,500 pounds. Calculate its total costs.
- 28th November 2017State the number of owners a standard partnership usually has.
- 29th November 2017State the difference between invention and innovation.
- 30th November 2017Give one way a business could improve its working capital.