Daily Practice · GCSE Business
July 2021 5-a-day
Every sheet in July 2021
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st July 2021Give three costs to a business of poor quality.
- 2nd July 2021Why should a business look for the cause rather than fixing each faulty item?
- 3rd July 2021State the formula for total revenue.
- 4th July 2021State where the shares of a public limited company (plc) can be bought and sold.
- 5th July 2021State the difference between invention and innovation.
- 6th July 2021Explain, in one sentence, how a profitable business could still run out of cash.
- 7th July 2021What does the statement of financial position show?
- 8th July 2021Explain what chain of command means.
- 9th July 2021State the difference between a wage and a salary.
- 10th July 2021Define computer-aided manufacture (CAM).
- 11th July 2021Explain why rising unemployment during a recession can reduce a business's sales.
- 12th July 2021Explain one effect of a rise in interest rates on a business with a variable-rate loan.
- 13th July 2021A business raises its price significantly to reposition as premium. Name one other element of the mix it is also likely to need to change.
- 14th July 2021Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 15th July 2021Define e-commerce and give one benefit for a small business.
- 16th July 2021Explain how stock control software reduces costs.
- 17th July 2021Explain why a growing business might change from being a sole trader to a private limited company.
- 18th July 2021Give one reason creativity is a valuable quality for an entrepreneur.
- 19th July 2021State one reason shareholder and employee interests can conflict.
- 20th July 2021State one non-financial reward an entrepreneur might gain from running their own business.
- 21st July 2021A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
- 22nd July 2021Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 23rd July 2021State the difference between recruitment and selection.
- 24th July 2021Identify one item typically found in a job description.
- 25th July 2021State what the National Minimum Wage and National Living Wage are.
- 26th July 2021State one area of business legislation.
- 27th July 2021Name three variables a business could use to segment a market.
- 28th July 2021Why is cash flow often negative during the introduction stage?
- 29th July 2021State one risk of a poorly judged brand extension.
- 30th July 2021Define supply chain.
- 31st July 2021Why does higher productivity usually reduce unit cost?