GCSE Year 10- Business Studies Exam Preperation Quiz

20 Questions | By MrHains | Last updated: Mar 22, 2022 | Total Attempts: 4616

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GCSE Year 10- Business Studies Exam Preperation Quiz - Quiz

Questions and Answers

1.

Which of the following would not be included in the business plan when planning to open a brand new business?
- A.
  
  Financial predictions
- B.
  
  Market research
- C.
  
  Last years profit and loss figures
- D.
  
  Aims and objectives
2.

What does the term SWOT mean ?
- A.
  
  Sales, Weaknessess, Options, Threats
- B.
  
  Sales, Weekly, Opportunities, Time
- C.
  
  Strengths, Weaknessess, Opportunities, Threats
- D.
  
  Strengths, Weaknessess, Opportunities, Time
3.

You must include uncertaintys and risk in a business plan?
- A.
  
  True
- B.
  
  False
4.

Sole traders have _______________ liability
5.

A disadvantage to the owner of a business of being a PLC is
- A.
  
  There may be conflicts in decision making between shareholders
- B.
  
  They have unlimited liability
- C.
  
  They can only sell shares to friends and family
6.

Tick any of these that are advantages of taking over a competitor.
- A.
  
  It reduces the number of competitors in your market
- B.
  
  There may be a conflict on the best way of doing things
- C.
  
  You can share ideas and expertise
7.

What is a franchise?
- A.
  
  When someone from outside of the business opens a branch that uses the image and reputation of the firm
- B.
  
  When the head office of a big firm open a new branch
8.

Select any of the following that are stakeholders of McDonalds
- A.
  
  Owner
- B.
  
  Employee
- C.
  
  Competitor
- D.
  
  Anti-Obesity charity
- E.
  
  Supplier
9.

What does the M stand for in 'SMART' objectives?
- A.
  
  Meaningful
- B.
  
  Measurable
- C.
  
  Misleading
- D.
  
  Mesmorising
10.

Every stakeholder has a say in major decision making within a business
- A.
  
  True
- B.
  
  False
11.

When deciding on the location of your business, you want somewhere with high 'footfall'. What does ' high footfall' mean?
- A.
  
  An area where people seem to fall over alot
- B.
  
  An area with high traffic of people on foot
- C.
  
  An area where high numbers of people like football
12.

Which area do you think has a higher level of 'footfall'
- A.
  
  Liverpool 1
- B.
  
  Ormskirk
- C.
  
  Southport
- D.
  
  Maghull Square
13.

What might be a downside to a city centre location?
- A.
  
  Lots of competitors in same area
- B.
  
  High levels of rent
- C.
  
  Parking is expensive for potential customers
14.

An advantage of asking closed answer questions in a questionnaire is that they are easier to analyse.
- A.
  
  True
- B.
  
  False
15.

If you carry out the market research yourself it is called ____________ research
16.

Which of the following are in the marketing mix?
- A.
  
  Product
- B.
  
  Promotion
- C.
  
  Production
- D.
  
  Price
- E.
  
  Place
- F.
  
  Plaice
- G.
  
  Possibility
17.

Which of these is an internal recruitment strategy?
- A.
  
  Recruitment agency
- B.
  
  Job centre
- C.
  
  Staff room notice board
18.

Internal recruitment is more expensive than external recruitment.
- A.
  
  True
- B.
  
  False