Daily Practice · GCSE Business
June 2023 5-a-day
Every sheet in June 2023
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st June 2023State two advantages of flow production.
- 2nd June 2023Explain why product knowledge reduces returns as well as increasing sales.
- 3rd June 2023Identify one risk to a business that fails to adapt to a significant change in its external environment.
- 4th June 2023Give an example of a want, as opposed to a need.
- 5th June 2023Explain why a business's aims might change after it takes on outside investors.
- 6th June 2023State one action a new business owner could take to reduce the risk of cash-flow problems.
- 7th June 2023A business has revenue of 40,000 pounds and gross profit of 16,000 pounds. Calculate its gross profit margin.
- 8th June 2023Give one reason a business's net profit margin might fall even if its gross profit margin stays the same.
- 9th June 2023Give one advantage of centralisation.
- 10th June 2023Identify what a persistently high labour turnover rate might suggest about a business.
- 11th June 2023Explain why accurate product descriptions benefit a business, as well as being a legal requirement.
- 12th June 2023Give one reason globalisation has increased competition for UK businesses.
- 13th June 2023Define exchange rate.
- 14th June 2023True or false: each element of the marketing mix should be decided independently of the others.
- 15th June 2023A product for a safety-critical use, such as a car brake pad, should prioritise which element of the design mix, and why?
- 16th June 2023Explain how buffer stock protects a business, and state its cost.
- 17th June 2023Explain how credit terms can matter more than price to a small business.
- 18th June 2023Define overtrading.
- 19th June 2023State one method a business can use to add value to its product.
- 20th June 2023Explain why access to good transport links matters to a business that delivers goods nationally.
- 21st June 2023Why might a profitable business still need extra finance?
- 22nd June 2023A business has a break-even output of 300 units and currently sells 450 units. Calculate its margin of safety.
- 23rd June 2023Why might a business choose an overdraft rather than a bank loan for a short-term cash-flow gap?
- 24th June 2023Identify one item usually included in a contract of employment.
- 25th June 2023Explain one disadvantage of on-the-job training.
- 26th June 2023State one way a business can differentiate through customer service.
- 27th June 2023Explain why a business's market share could fall even if its own sales revenue is rising.
- 28th June 2023Why might data collected five years ago be less reliable for a current marketing decision than data collected this year?
- 29th June 2023Which pricing strategy involves setting a low price to enter a market and quickly build market share?
- 30th June 2023What is an extension strategy?