Daily Practice · GCSE Business
August 2023 5-a-day
Every sheet in August 2023
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st August 2023State one way a business might respond to falling consumer spending during a recession.
- 2nd August 2023Explain why a business should carry out market research before launching a new product.
- 3rd August 2023State one section usually included in a business plan.
- 4th August 2023Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.
- 5th August 2023State the formula for a month's closing balance.
- 6th August 2023If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?
- 7th August 2023Identify one direct cost of training.
- 8th August 2023Explain why, according to Herzberg, simply raising pay may not increase motivation.
- 9th August 2023Define business ethics.
- 10th August 2023Give one reason e-commerce might exclude some customers.
- 11th August 2023Give one way technology allows a business to target its promotion more precisely than traditional mass-media advertising.
- 12th August 2023Why must promotion be consistent with the rest of the marketing mix?
- 13th August 2023A bakery makes 200 white loaves, then 150 wholemeal, then 100 seeded. Name the process and explain how you can tell.
- 14th August 2023List four stages of a typical sales process.
- 15th August 2023State one reason a change in consumer tastes might force a food business to change its menu.
- 16th August 2023Explain why most private sector businesses aim to make a profit.
- 17th August 2023Give one reason a well-established plc might prioritise profit maximisation over survival.
- 18th August 2023State one internal cause of new business failure.
- 19th August 2023A 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.
- 20th August 2023What does the net profit margin measure?
- 21st August 2023State one disadvantage of centralisation.
- 22nd August 2023Explain one reason high labour turnover can reduce productivity.
- 23rd August 2023State the three main standards goods must meet under the Consumer Rights Act 2015.
- 24th August 2023Define globalisation.
- 25th August 2023State the effect of an appreciating pound on the cost of imports to a UK business.
- 26th August 2023A business cuts its price significantly. Give one other element of the mix it may also need to change, and why.
- 27th August 2023Name the three elements of the design mix.
- 28th August 2023Explain one benefit and one risk of just in time stock control.
- 29th August 2023Define single sourcing and give one advantage.
- 30th August 2023Give one example of an economy of scale.
- 31st August 2023State one risk of trying to compete only by cutting price rather than adding genuine value.