Daily Practice · GCSE Business
February 2018 5-a-day
Every sheet in February 2018
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2018Give one risk of competing mainly on price rather than differentiating.
- 2nd February 2018State one way a business could respond to a new competitor entering the market.
- 3rd February 2018A line graph shows a product's sales rising steadily for three years then falling in year four. What might this pattern suggest about the product's position in the product life cycle?
- 4th February 2018Give one market condition that makes price skimming an appropriate strategy.
- 5th February 2018What is a 'star' in the Boston Matrix?
- 6th February 2018What is continuous improvement, and why does it depend on employees?
- 7th February 2018Give one reason employees are a good source of information about quality problems.
- 8th February 2018A shop sells 150 candles at 8 pounds each. Calculate its total revenue.
- 9th February 2018Name a well-known UK public limited company.
- 10th February 2018Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 11th February 2018State the formula for working capital.
- 12th February 2018What equation must always balance on a statement of financial position?
- 13th February 2018State what span of control measures.
- 14th February 2018Identify one financial method of motivation.
- 15th February 2018State one cost to a business of introducing new technology.
- 16th February 2018Give an example of a direct tax.
- 17th February 2018Define interest rate.
- 18th February 2018Why is it useful to check a marketing mix against market segmentation data before evaluating it?
- 19th February 2018What does 'omnichannel distribution' mean?
- 20th February 2018State two ways a website improves customer service without any staff involvement.
- 21st February 2018Give one way e-commerce changes a small retailer's operations.
- 22nd February 2018Give one advantage of buying a franchise rather than starting an entirely independent business.
- 23rd February 2018State one way an entrepreneur could generate a business idea without inventing something completely new.
- 24th February 2018Give one interest the government has as a stakeholder in a business.
- 25th February 2018Define reward in the context of enterprise.
- 26th February 2018What is crowdfunding?
- 27th February 2018Is buying a new shop premises capital or revenue expenditure? Explain.
- 28th February 2018Identify one method of external recruitment.