Daily Practice · GCSE Business
February 2023 5-a-day
Every sheet in February 2023
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2023Give one way a business can find out about its competitors.
- 2nd February 2023Why is a larger sample size generally more reliable than a smaller one?
- 3rd February 2023What is price discrimination?
- 4th February 2023Why is having a balanced product portfolio, with products in different Boston Matrix categories, useful to a business?
- 5th February 2023Give one reason a business might advertise an external quality standard such as ISO certification.
- 6th February 2023Explain how consistent quality supports a higher price.
- 7th February 2023State the formula for profit.
- 8th February 2023Explain the difference between limited and unlimited liability in one sentence.
- 9th February 2023Give one method a business would use to check that a spotted opportunity reflects genuine customer demand.
- 10th February 2023A business has current assets of 25,000 pounds and current liabilities of 31,000 pounds. Calculate its working capital and state what this suggests.
- 11th February 2023What does the statement of financial position show?
- 12th February 2023A shop owner supervises 4 shift leaders, and each shift leader supervises 8 sales assistants. State the shop owner's span of control.
- 13th February 2023State one non-financial reward that could improve staff motivation without extra pay.
- 14th February 2023Explain one reason a small business might be slower than a large business to adopt new technology.
- 15th February 2023Explain why a rise in corporation tax could reduce how much a business invests.
- 16th February 2023Explain one way high unemployment could benefit a business's recruitment.
- 17th February 2023State one consequence for a business of running an inconsistent marketing mix.
- 18th February 2023State one advantage of an indirect distribution channel.
- 19th February 2023Explain why social media complaints need a faster response than emails.
- 20th February 2023A factory produces 9,600 units a week with 16 workers. Calculate output per worker.
- 21st February 2023Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 22nd February 2023Define entrepreneur.
- 23rd February 2023Identify whether the local community is an internal or external stakeholder.
- 24th February 2023Explain the general relationship between risk and potential reward in business.
- 25th February 2023A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
- 26th February 2023Is paying the electricity bill capital or revenue expenditure? Explain.
- 27th February 2023State one selection method used to test a candidate's communication skills.
- 28th February 2023Give one item typically found in a person specification.