Daily Practice · GCSE Business
September 2018 5-a-day
Every sheet in September 2018
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st September 2018State one method a business can use to add value to its product.
- 2nd September 2018Explain why access to good transport links matters to a business that delivers goods nationally.
- 3rd September 2018What is the difference between start-up capital and working capital?
- 4th September 2018What does the margin of safety measure?
- 5th September 2018Give one reason a business might prefer leasing equipment rather than buying it outright with a loan.
- 6th September 2018Give one advantage to an employer of part-time contracts.
- 7th September 2018Give one advantage of on-the-job training.
- 8th September 2018Explain how strong branding can help a business differentiate.
- 9th September 2018Give one benefit to consumers of a highly competitive market.
- 10th September 2018What is meant by a 'random sample'?
- 11th September 2018Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 12th September 2018Give one example of an extension strategy.
- 13th September 2018Give three costs to a business of poor quality.
- 14th September 2018Why should a business look for the cause rather than fixing each faulty item?
- 15th September 2018State the formula for total revenue.
- 16th September 2018State where the shares of a public limited company (plc) can be bought and sold.
- 17th September 2018Explain why spotting a trend early can benefit an entrepreneur.
- 18th September 2018Explain, in one sentence, how a profitable business could still run out of cash.
- 19th September 2018What does the income statement show?
- 20th September 2018Explain what chain of command means.
- 21st September 2018State the difference between a wage and a salary.
- 22nd September 2018Define computer-aided manufacture (CAM).
- 23rd September 2018Explain why rising unemployment during a recession can reduce a business's sales.
- 24th September 2018Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 25th September 2018A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 26th September 2018Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 27th September 2018Define e-commerce and give one benefit for a small business.
- 28th September 2018Explain how stock control software reduces costs.
- 29th September 2018State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
- 30th September 2018Identify one source of new business ideas, other than spotting a gap in the market.