Daily Practice · GCSE Business
July 2018 5-a-day
Every sheet in July 2018
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2018Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 2nd July 2018State the difference between quality control and quality assurance.
- 3rd July 2018Distinguish between internal and external failure costs.
- 4th July 2018Explain the two ways a business can increase its profit.
- 5th July 2018Give one document that partners typically draw up when forming a partnership.
- 6th July 2018Identify one source of change that can create new business opportunities.
- 7th July 2018Give one example of a current asset and one example of a current liability.
- 8th July 2018A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 9th July 2018Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 10th July 2018State what job rotation means.
- 11th July 2018Give one example of technology used in human resources.
- 12th July 2018State the four main stages of the business cycle.
- 13th July 2018State which UK institution sets the base rate that heavily influences interest rates.
- 14th July 2018Give one sign in a case study that a business's marketing mix is inconsistent.
- 15th July 2018What is a direct distribution channel?
- 16th July 2018A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 17th July 2018Define productivity and state the formula.
- 18th July 2018State what a franchisee pays a franchisor for.
- 19th July 2018State one quality commonly associated with successful entrepreneurs.
- 20th July 2018Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 21st July 2018Give one method an entrepreneur can use to reduce, not remove, the risk of a new venture.
- 22nd July 2018Is retained profit an internal or an external source of finance?
- 23rd July 2018On which financial statement does capital expenditure appear, and as what?
- 24th July 2018State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 25th July 2018State the difference between a job description and a person specification.
- 26th July 2018State one duty an employer has under health and safety law.
- 27th July 2018Give one cost to a business of complying with new legislation.
- 28th July 2018What is meant by a 'representative sample'?
- 29th July 2018During which stage of the product life cycle are sales typically at their highest?
- 30th July 2018Give one way a business builds brand recognition through the marketing mix, other than the product itself.
- 31st July 2018Explain why a supplier's poor quality is a problem even when the business itself checks the goods.