Daily Practice · GCSE Business
May 2024 5-a-day
Every sheet in May 2024
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st May 2024Give one cost e-commerce can reduce for a small business compared with running physical stores.
- 2nd May 2024Define e-commerce and give one benefit for a small business.
- 3rd May 2024Explain how stock control software reduces costs.
- 4th May 2024Give one disadvantage of an unincorporated structure such as a sole trader compared with a Ltd.
- 5th May 2024Define entrepreneur.
- 6th May 2024State one reason shareholder and employee interests can conflict.
- 7th May 2024Explain the general relationship between risk and potential reward in business.
- 8th May 2024Give one advantage and one drawback of trade credit.
- 9th May 2024Why does the classification of an item as capital or revenue expenditure matter for calculating that year's profit?
- 10th May 2024State the difference between recruitment and selection.
- 11th May 2024Identify one item typically found in a job description.
- 12th May 2024State what the National Minimum Wage and National Living Wage are.
- 13th May 2024State one area of business legislation.
- 14th May 2024Why might a focus group be more useful than a questionnaire for testing a new product concept?
- 15th May 2024Why is cash flow often negative during the introduction stage?
- 16th May 2024State one risk of a poorly judged brand extension.
- 17th May 2024Define supply chain.
- 18th May 2024Why does higher productivity usually reduce unit cost?
- 19th May 2024Give one reason an entrepreneur might delay launching a new business during an economic downturn.
- 20th May 2024Give one example of a primary market research method.
- 21st May 2024State the type of financial forecast that shows the money expected to flow in and out of a business month by month.
- 22nd May 2024What is overtrading?
- 23rd May 2024What is the difference between a cash inflow and a cash outflow?
- 24th May 2024A business's contribution per unit is 10 pounds and its fixed costs are 5,000 pounds. Calculate its break-even output.
- 25th May 2024State the difference between training and development.
- 26th May 2024Identify one example of a hygiene factor.
- 27th May 2024Explain why there can be a trade-off between acting ethically and making a profit.
- 28th May 2024Define e-commerce.
- 29th May 2024What is e-commerce?
- 30th May 2024What is the difference between above the line and below the line promotion?
- 31st May 2024Explain why flow production is risky if demand is unpredictable.