AQA Business Studies Unit 1 Quiz
Welcome to AQA Business Studies Unit 1 Quiz. Businesses exist in different forms, and each has its benefits and demerits. Over the past week, we got to cover some of the types and how to survive in the industry successfully. Below is an AQA business quiz that is designed to help you review what we covered in unit one.
- 1.Which one of these is a reason why someone would start a business?
- A.
To drive a nice car
- B.
To escape an uninteresting job
- C.
To do a job with less work involved
- D.
To work with people you like
- 2.What is Social Enterprise?
- A.
An activity that achieves an reward for society
- B.
A business that gives all the profit to their owners
- C.
A business that gives all its money to charities
- 3.How can a market map help when starting up a business?
- A.
To identify products which you can copy
- B.
To show the owners what products aren't around
- C.
To waste time
- 4.What is a franchise?
- A.
Copy and modify a company's name and logo so one can use it for their business
- B.
Being hire by a firm and being promoted to manager of on of the shops
- C.
The legal right to use the name and logo of an existing firm and sell he same products
- 5.What are the factors of production? (select all the four right ones)
- A.
Land
- B.
Labor
- C.
Employment
- D.
Capital
- E.
Enterprise
- F.
Ethics
- 6.Which is not a business objective?
- A.
Increase sales
- B.
Make profits
- C.
Manipulate customers
- D.
Survive
- 7.The value added is:
- A.
Selling price - cost of goods sold
- B.
Selling price + cost of goods sold
- C.
Cost of goods sold - selling price
- D.
None of the above
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Sample QuestionWhat can I do to give my business a bounce? (From Nancy Summer’s Meeting at Convention)
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