Business Studies quiz 0.0 / 5 ? Business StudiesBusiness environmentGCSEAQA Created by: Jessica.SCreated on: 20-10-16 18:41 Give one reason businesses are set up. Financial 1 of 36 What is the most important aim of a business? Survival 2 of 36 Someone who identifys new business opportunities, takes on calculated risks, comes up with new ideas and has drive and determination. Entrepreneur 3 of 36 An advantage of being a sole trader. Be your own boss 4 of 36 Involves 2-20 people. Partnership 5 of 36 You can lose more than you put in to pay off debt. Unlimited liability 6 of 36 Name a disadvantage of a private limited company. Expensive 7 of 36 What do limited liability companies have? Separate legal identity 8 of 36 What is a company with the right to sell another firms products? Franchise 9 of 36 What is a way that a business can succeed. Profit 10 of 36 What needs to be market driven? A product 11 of 36 What's an objective? A goal for success 12 of 36 How many different types of stakeholders are there? Two 13 of 36 Give a type of internal stakeholder. Employee 14 of 36 What is the minimum amount of sections a business plan should have? Seven 15 of 36 Does a good business plan guarantee success? No 16 of 36 What is a main influence of location? Footfall 17 of 36 How many P's are there in the marketing mix? Four 18 of 36 What are the two main features of the marketing map? Quality and price 19 of 36 State whether field research is primary of secondary. Primary 20 of 36 Give an advantage of desk research Instant 21 of 36 What is the point where producers and consumers agree called? Equillibrium 22 of 36 Give an example of advertisement Radio 23 of 36 Is raw material a fixed or variable cost? Variable 24 of 36 Revenue-Cost= Profit 25 of 36 Give a source of finance. A grant 26 of 36 What do chambers of commerce do? Help local firms 27 of 36 Can cash flow forecasts help firms to anticipate problems? Yes 28 of 36 What can effect cash flow? Credit terms 29 of 36 Give one way a business can improve cash flow. Destock 30 of 36 Give a reason for poor cash flow. Overtrading 31 of 36 The process of narrowing down candidates for a job. Shortlisting 32 of 36 A list of qualifications, attitudes and experiences required for the job Person specification 33 of 36 A lump sum added to pay ,usually once a year Bonus 34 of 36 What is an example of a fringe benefit? Company car 35 of 36 What, by law, must employees be paid? Minimum wage 36 of 36
Comments
No comments have yet been made