Daily Practice · GCSE Business
October 2020 5-a-day
Every sheet in October 2020
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st October 2020Explain the general relationship between risk and potential reward in business.
- 2nd October 2020Give one drawback of using retained profit to finance expansion.
- 3rd October 2020What is revenue expenditure?
- 4th October 2020Explain one disadvantage of external recruitment.
- 5th October 2020Explain one benefit to a business of using a person specification when shortlisting applicants.
- 6th October 2020Name the UK law that makes it illegal to discriminate against employees based on protected characteristics such as age, sex or disability.
- 7th October 2020State the difference between legislation and ethics.
- 8th October 2020What is the difference between primary and secondary market research?
- 9th October 2020Name the four stages of the product life cycle in order.
- 10th October 2020What is a 'brand extension'?
- 11th October 2020Give one reason a business might pay more to source locally.
- 12th October 2020A business produces 3,600 units a week with 12 workers. After changes it produces 4,500 with the same 12. Calculate the percentage rise in productivity.
- 13th October 2020Give one reason an entrepreneur might delay launching a new business during an economic downturn.
- 14th October 2020Give one example of a primary market research method.
- 15th October 2020State the type of financial forecast that shows the money expected to flow in and out of a business month by month.
- 16th October 2020Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.
- 17th October 2020State the formula for a month's closing balance.
- 18th October 2020If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?
- 19th October 2020Identify one direct cost of training.
- 20th October 2020Explain why, according to Herzberg, simply raising pay may not increase motivation.
- 21st October 2020Define business ethics.
- 22nd October 2020Give one reason e-commerce might exclude some customers.
- 23rd October 2020Give one way technology allows a business to target its promotion more precisely than traditional mass-media advertising.
- 24th October 2020Why must promotion be consistent with the rest of the marketing mix?
- 25th October 2020A bakery makes 200 white loaves, then 150 wholemeal, then 100 seeded. Name the process and explain how you can tell.
- 26th October 2020List four stages of a typical sales process.
- 27th October 2020Give one example of a business adapting successfully to a change in its external environment.
- 28th October 2020Explain why most private sector businesses aim to make a profit.
- 29th October 2020Give one reason a well-established plc might prioritise profit maximisation over survival.
- 30th October 2020State one external cause of new business failure.
- 31st October 2020A business has revenue of 25,000 pounds, cost of sales of 15,000 pounds and expenses of 6,000 pounds. Calculate its gross profit margin and net profit margin.