Other questions in this quiz

2. Measured using either CPI, the headline rate and the basics for the government's target, or the RPI which includes housing costs, e.g. council tax and mortgage interest payments

  • Base rate
  • MPC
  • Inflation
  • Interest rates

3. Describes a situation where events are unpredictable and beyond the control of the business

  • Unemployment
  • Uncertainty
  • Risk
  • Instability

4. Refers to any system of production that minimises costs through eliminating waste

  • Kaizen
  • TQM
  • Lean production
  • Productive efficiency

5. The time taken from having an idea to selling the product to a consumer

  • Lead time
  • Time lag
  • Innovation
  • Product lifecycle


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