Daily Practice · GCSE Business
November 2018 5-a-day
Every sheet in November 2018
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st November 2018A business calculates a net profit margin of 45% and a gross profit margin of 30% for the same year. Explain why this result must be wrong.
- 2nd November 2018What does the gross profit margin measure?
- 3rd November 2018Explain one advantage of decentralisation.
- 4th November 2018State one method a business could use to improve staff retention.
- 5th November 2018Name the main UK law protecting consumers when buying goods.
- 6th November 2018State one way improved transport has supported globalisation.
- 7th November 2018State what it means when the pound depreciates.
- 8th November 2018Which element of the marketing mix refers to how a business communicates with and persuades its customers?
- 9th November 2018Give one example of an aesthetic feature of a product.
- 10th November 2018State two consequences of holding too little stock.
- 11th November 2018Give one reason a business might publicise its supplier standards.
- 12th November 2018Give one example of an economy of scale.
- 13th November 2018State one risk of trying to compete only by cutting price rather than adding genuine value.
- 14th November 2018State one factor that influences where a business chooses to locate.
- 15th November 2018Is buying a delivery van a capital expenditure or a revenue expenditure? Explain your answer.
- 16th November 2018State the formula for break-even output.
- 17th November 2018Why can a sole trader not raise finance through share capital?
- 18th November 2018State one reason a business might prefer full-time contracts for its key staff.
- 19th November 2018Identify one example of off-the-job training.
- 20th November 2018State one reason a USP needs to be difficult for competitors to copy.
- 21st November 2018Give one way a business can find out about its competitors.
- 22nd November 2018Why is a larger sample size generally more reliable than a smaller one?
- 23rd November 2018A business sells 4,000 units at 10 pounds each. Calculate its total revenue.
- 24th November 2018Why is having a balanced product portfolio, with products in different Boston Matrix categories, useful to a business?
- 25th November 2018Give one reason a business might advertise an external quality standard such as ISO certification.
- 26th November 2018Explain how consistent quality supports a higher price.
- 27th November 2018State the formula for profit.
- 28th November 2018Explain the difference between limited and unlimited liability in one sentence.
- 29th November 2018Define what is meant by the dynamic nature of the business environment.
- 30th November 2018A business has current assets of 25,000 pounds and current liabilities of 31,000 pounds. Calculate its working capital and state what this suggests.