AS unit 1 Business Studies Questionnaire

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  • Created by: jacob
  • Created on: 23-12-13 19:40

1. Define a Democratic Leader

  • guide rather than dictate, consulting widely and encouraging everyone to participate in the decision making process.
  • take top-down decisions without consulting employees to find out their views. they may provide very little information on the reasons for the decision
  • behave rather as a parent might in making family decisions. They consult at every level and explain their reasons, but take the final decision themselves.
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2. Define what is meant by Competitive Pricing

  • this strategy uses a low price to enter the market & gain market share
  • Some firms set their prices the same as their competitors
  • This occurs when a firm sets out to destroy (or weaken) the competition through low prices

3. Which one of these is a non profit motive for becoming an entrepreneur

  • getting respect
  • Being self satisfied
  • making profit

4. Define a Autocratic leader

  • guide rather than dictate, consulting widely and encouraging everyone to participate in the decision making process.
  • take top-down decisions without consulting employees to find out their views. they may provide very little information on the reasons for the decision
  • A leader that makes employees contribute to decision making

5. Which one of these is a benefit of the break-even analysis?

  • this is a very easy way of showing how profit levels change with changes in output
  • analysis assumes that all output is sold
  • analysis does take into account economies of scale

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