GCSE Year 10- Business Studies Exam Preperation Quiz
- 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
Questions: 45 | Attempts: 8612 | Last updated: Jul 14, 2020
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