Daily Practice · GCSE Business
April 2023 5-a-day
Every sheet in April 2023
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 2023If the exchange rate is 1 pound = 1.20 euros and a UK business imports goods costing 6,000 euros, calculate the cost in pounds.
- 2nd April 2023State one decision a business makes under 'Place'.
- 3rd April 2023Why does increasing a product's function or aesthetics usually increase its cost?
- 4th April 2023Why is stock control especially important for a business selling fresh food?
- 5th April 2023A supplier charges 4.80 pounds a unit for orders under 500 and 4.20 pounds for orders of 500 or more. A business needs 480 units. Should it order 500? Explain.
- 6th April 2023Define economies of scale.
- 7th April 2023Give an example of a UK business that adds value through branding.
- 8th April 2023Give one reason a manufacturer might locate close to its raw material supplier.
- 9th April 2023A start-up needs 6,000 pounds for equipment and 2,000 pounds for its first order of stock. Calculate its total start-up finance requirement.
- 10th April 2023State the formula for contribution per unit.
- 11th April 2023A sole trader needs finance but does not want to give up any control of her business. Which source should she avoid, and why?
- 12th April 2023State one disadvantage to an employee of a zero-hours contract.
- 13th April 2023State when induction training typically takes place.
- 14th April 2023Explain why successful differentiation can reduce a business's price sensitivity of demand.
- 15th April 2023Explain why a monopoly business can often charge higher prices.
- 16th April 2023A survey of 200 people found 90 preferred Brand A. Calculate the percentage who preferred Brand A.
- 17th April 2023What is a loss leader?
- 18th April 2023What is a 'cash cow' in the Boston Matrix?
- 19th April 2023Explain one benefit of making each worker responsible for checking their own work.
- 20th April 2023A business sells 5,000 units a month and 3 per cent are returned at a cost of 14 pounds each. Calculate the monthly cost of returns.
- 21st April 2023Identify whether the cost of raw materials is a fixed cost or a variable cost.
- 22nd April 2023Identify the abbreviation added to the end of a private limited company's name.
- 23rd April 2023Identify one source of change that can create new business opportunities.
- 24th April 2023What is the key difference between cash and profit?
- 25th April 2023A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.
- 26th April 2023State one feature of a tall organisational structure.
- 27th April 2023Explain one drawback of relying only on financial rewards to motivate staff.
- 28th April 2023State one function of a business that can be affected by new technology.
- 29th April 2023Define a recession.
- 30th April 2023Define inflation.