GCSE Year 10- Business Studies Exam Preperation Quiz

20 Questions | Total Attempts: 2900

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Business Study Quizzes & Trivia

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

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