GCSE Year 10- Business Studies Exam Preparation Quiz

20 Questions | By MrHains | Updated: Nov 30, 2022 | Attempts: 8418

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GCSE Year 10- Business Studies Exam Preparation Quiz - Quiz

Hey, are you preparing for the GCSE Year 10 Business Studies exam? Here, we have created a quiz for you to make your preparation level better. It is a fantastic way to prepare for the upcoming GCSE exam, as you can practice the Business Studies questions in your own time. The GCSE stands for General Certificate of Secondary Education (GCSE) and is an academic qualification taken for a particular subject taken by schools, colleges, and employers. Shall we begin the quiz then? All the best, buddy!

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 uncertainties and risk in a business plan.
- A.
  
  True
- B.
  
  False
4.

Sole traders have _______________ liability. (limited/unlimited)
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
- D.
  
  All of the above
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
- D.
  
  You can steal their ideas.
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
- C.
  
  Both A and B
- D.
  
  None of the above
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 center location?
- A.
  
  Lots of competitors in same area
- B.
  
  High levels of rent
- C.
  
  Parking is expensive for potential customers
- D.
  
  All of the above
14.

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

If you carry out the market research yourself it is called ____________ research. (primary/secondary)
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
- D.
  
  All of the above
18.

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