Ultimate Trivia Facts and Questions on Business Studies! No one can come to the business and know all the secrets to what it takes to do a successful business. A lot of time and energy goes into unlocking the wisdom of building an empire. Below is an Edexcel unit 3 business studies multiple choice quiz that is designed to test how much you know about the business.
A loan from a bank.
A stock market flotation.
Total profits = total costs
Fixed costs = total revenue
Variable costs = fixed costs
Total revenue = total costs.
Poor customer service.
Use of jargon.
Generate quantitative research.
Differentiate its products.
Improve its organisational structure.
Increased repeat purchases.
Lower margin of safety.
Increased cash outflows.
Payments to suppliers.
Longer credit terms for customers.
Taking out a bank loan.
A fixed yearly payment paid monthly
A payment made to employees for working extra hours
The lowest amount legally a firm can pay its employees
A payment for reaching an employees target
Revenue by more than costs
Variable cots by more than fixed costs
Here's an interesting quiz for you.