Daily Practice · GCSE Business
February 2024 5-a-day
Every sheet in February 2024
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st February 2024Define market share.
- 2nd February 2024A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 3rd February 2024A product costs 12 pounds to make and the business wants a 25% markup. Calculate the selling price.
- 4th February 2024Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 5th February 2024State the difference between quality control and quality assurance.
- 6th February 2024Distinguish between internal and external failure costs.
- 7th February 2024Explain the two ways a business can increase its profit.
- 8th February 2024Give one document that partners typically draw up when forming a partnership.
- 9th February 2024Name a UK business that grew mainly by innovating an existing product, rather than inventing something entirely new.
- 10th February 2024Give one example of a current asset and one example of a current liability.
- 11th February 2024A business has gross profit of 35,000 pounds and expenses of 22,000 pounds. Calculate its net profit.
- 12th February 2024Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 13th February 2024State what job rotation means.
- 14th February 2024Give one example of technology used in human resources.
- 15th February 2024State the four main stages of the business cycle.
- 16th February 2024State which UK institution sets the base rate that heavily influences interest rates.
- 17th February 2024Give one sign in a case study that a business's marketing mix is inconsistent.
- 18th February 2024What is a direct distribution channel?
- 19th February 2024A business handles 600 enquiries a month, each taking 5 minutes of staff time at 13 pounds an hour. Calculate the monthly labour cost.
- 20th February 2024Define productivity and state the formula.
- 21st February 2024Give one advantage of buying a franchise rather than starting an entirely independent business.
- 22nd February 2024State one way an entrepreneur could generate a business idea without inventing something completely new.
- 23rd February 2024Name one stakeholder group, other than shareholders and employees, that a new factory would affect.
- 24th February 2024Define reward in the context of enterprise.
- 25th February 2024A business leases a delivery van instead of buying it. Give one advantage of leasing over buying.
- 26th February 2024On which financial statement does capital expenditure appear, and as what?
- 27th February 2024State one reason a business might use a recruitment agency rather than advertise a vacancy itself.
- 28th February 2024State the difference between a job description and a person specification.
- 29th February 2024State one duty an employer has under health and safety law.