unit 3 building a business

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1. what is primary data?

  • qualitive data
  • research that can be collected by yourself e.g) questionnairs
  • research already available that is done by someone else e.g) web research
  • quantitative data
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Other questions in this quiz

2. what is break even?

  • this is when the revenue is equal to the costs
  • the middle of your time owning a business
  • when your money is divided in the business

3. whats a just in time method?

  • it prevents stock being run out as stock is arrived just in time as it need it
  • turning up to work just in time
  • completing tasks just in time

4. what are the 4 P's of the marketing mix

  • pick, pinch, promotion, play
  • product, price, promotion, place
  • price, print, peace, proud
  • product, play, print, pick

5. variable costs

  • these are costs that do change with output
  • these are costs that stay the same
  • the cost of material

Comments

davidsalter

A handy resource to check progress and make a change during a period of revision. Some of the questions are quite tricky and it will highlight areas that still need to be revised.

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