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General knowledge and revision
General knowledge and revision
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1
1.2 What is a Market Map
Geographical location of a business
Graph showing sales
Position in market based on 2 things important to customers
Map showing major competition
2
1.4 Which is included in a Business Plan
Aims and Objectives
All Answers
Target Market
Financial Forecasts
3
General Knowledge: The mandible is another name for?
Jaw Bone
Tongue
Ankle bone
Ear Drum
4
General Knowledge: Which of these celebrities has the most Instagram followers?
Cristiano Ronaldo
Beyonce
Selena Gomez
Ariana Grande
5
1.3 Calculation for Revenue is..
Sales x Income per item
Price x Quantity
Sales + Price
Sales - Total Costs
6
General Knowledge: How many keys on a standard piano?
88
92
90
86
7
1.2 What is NOT a Customer need
Cheap
Expected quality
Right Price
Convenience
8
Which ONE of the following is NOT a stakeholder of a business?
Suppliers
Profits
Shareholders
Government
9
1.3 What is Cash Flow?
The time taken to receive payment for goods / services
How quickly a business spends its cash
Prediction of Inflows and Outflows
Money coming in and out of the business
10
Market research is important because
all of the above
It tells designers/manufacturers what consumers want or need
It finds out what people don't like about existing products
It identifies the people who might buy a product
11
The simplest form of business is what?
PLC
LTD
Partnership
Sole trader
12
General Knowledge: How many edges does a cube have?
10
12
8
14
13
Which exam board do we use for GCSE Business?
WQA
EdExcel (Pearson)
OCR
AQA
14
GENERAL KNOWLEDGE: What is the highest mountain on earth?
Mount Fuji
Mount Everest
Mount Bulla
Mount Kilimanjaro
15
1.2 Which is not the purpose of Market Research?
Find a Gap in the Market
Lower Prices
Reduce Risk
Understand customer needs
16
General Knowledge: What is the capital of Iceland?
Nuuk
Lulea
Stockholm
Reykjavik
17
What is a disadvantage of technology in business?
emails are used for communication
people can work from home
EFTPOS can contribute to stock control
machines can do the work of people
18
1.2 A disadvantage to quantitative research is..
Speaking to individuals is time consuming
Data can be difficult to analyse
Graphs can't be drawn from it
It doesn't explain the benefits behind numerical trends
19
1.3 Which of these is a financial aim for a business
Challenge
Personal Objective
Social Responsibility
Market Share
20
A benefit to the business of ecommerce is .......
Can reach a worldwide audience
Parcels get delivered to your house
Can buy from anywhere in the world
It can be done from the comfort of your home
21
General Knowledge: Who wrote the book Christmas Carol?
Jane Austen
Charlies Dicksen
George Elliot
Charles Dickens
22
1.3 Why does a Business set aims and objectives?
So that suppliers know if they are a for profit organisation
It lets competition know what they want to achieve
To identify socially responsible aims
It gives employees focus
23
1.3 Which of these is a Fixed Cost?
Wages
Gas Bill
Advertising
Rent
24
1.5 What is a stakeholder?
A group of people who bought shares
Anyone with an interest in the company
Anyone who want to see the company do well
The owner of the business
25
1.5 If the £ is stronger than the $ this means....
Importing is cheaper
Exporting is cheaper
26
1.4 Why set a Business Plan?
Suppliers want to see who they are dealing with
Looks good to friends and family
Guarantees they will be successful
Bank require it before they lend money
27
1.1 An entrepreneur will show which personal quality
Powerful and intimidating
Kind and Caring
Rich
Risk Taker
28
1.4 The Marketing Mix is also called?
Social Media
The 4p's
Product, Price, Place, People
Advertising
29
1.4 Which of the ownership types can sell shares?
Sole Trader
All of them
Ltd
Partnership
30
General Knowledge: Dolphins are mammals?
True
False
31
1.2 Which is NOT a type of market segmentation
Behaviour Segmentation
Lifestyle Segmentation
Geographical Segmentation
Sales Segmentation
32
Which of the following is a purpose of business activity?
to provide goods and services
to train employees
to employ entrepreneurs
to be sustainable
33
1.4 Which is the commonest type of business ownership in the UK?
PLC
Sole Trader
Partnership
Franchise
34
General Knowledge: Of these planets, which is located closest to the sun?
Saturn
Venus
Mars
Earth
35
All business aims must be what?
SIMPLE
SMART
START
SILLY
36
General Knowledge: Where does LEGO come from?
Finland
Denmark
Sweden
Norway
37
General Knowledge: Which of Snow White's seven dwarves didn't have a beard?
Dopey
Doc
Grumpy
Happy
38
1.3 What does a Cash Flow forecast do?
Predicts the weather
Predicts Inflows of cash each year
Document highlighting money that comes in and gone out
Predicts inflow and outflow of cash
39
1.3 Which of these is a Variable Cost?
Purchase of stock
Buildings Insurance
Staff Salaries
Rent
40
General Knowledge: How many teaspoons are there in a tablespoon?
5
3
4
2
41
1.4 Which ownership type has limited liability
Partnership
Sole Trader
Private Limited Company
42
What is Primary Market Research?
The systematic and objective collection, analysis, and evaluation of info
Collection of information, gathered first-hand
Collection or commissioning of information, gathered first-hand
Information that has already been collected for a different purpose
43
Which of the following is NOT a risk of starting up a new business
Make all decisions
Business failure
Financial loss
Lack of security
44
General Knowledge: How many plays did Shakespeare write?
35
38
37
36
45
General Knowledge: During production, how many creme eggs are made each day?
2m
0.5m
1m
1.5m
46
General Knowledge: Which country has the longest coastline in the world?
Canada
Africa
Australia
Russia
47
1.2 Which of these is secondary market research?
Interview
Focus Group
Rival companies Instagram page
Observation
48
1.1 What is a non financial reward of starting a business?
Profit
Owning an expensive house
Making large number of sales
Being in control
49
General Knowledge: The name dinosaur means 'terrible lizard'?
True
False
50
General Knowledge: True or false: You can sneeze in your sleep
False
True
