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OCR GCSE 9-1 Business - Business Activity Flashcards | StudBud
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OCR GCSE 9-1 Business - Business Activity
OCR GCSE 9-1 Business - Business Activity
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OCR GCSE Business 1-9 Business Activity
Flashcards
13 cards
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Questions
13
Answers
1
Which of the following forms of business would be best for a gardener with no employees?
Private limited company
Public limited company
Partnership
Sole trader
2
Which group of stakeholders is most likely to be directly affected by redundancies?
Owners
Local community
Customers
Employees
3
Which of the following is
not
a characteristic of an entrepreneur?
Creativity
Risk taking
Confidence
Aggression
4
Which of the following is
not
a typical business aim?
Loss
Survival
Profit
Growth
5
Which of the following is an
internal
stakeholder?
Suppliers
Customers
Government
Owners
6
Which of the following is an example of a
backward vertical
takeover?
A restaurant acquires a supplier
A yacht manufacturer acquires a dog breeder
A petrol station acquires another petrol station
A farm acquires a farm shop
7
Which of the following is a reward for an entrepreneur?
Independence
Short working hours
Risk
Debt
8
Which of the following forms of business can trade shares on the stock exchange?
Partnership
Public limited company (plc)
Private limited company (Ltd.)
Sole trader
9
Which of the following is an advantage of business planning?
Increases losses
Increases risk
Reduces risk
It is a legal requirement
10
Which of the following is
not
a purpose of business activity or enterprise?
Spotting an opportnity
Developing an idea for a business
Satisfying customer needs
Ignoring customer needs
11
Which of the following types of business ownership provides limited liability for the owners?
Partnership
None - owners always have unlimited liability.
Private and public limited companies
Sole trader
12
Which aim is most suitable for a business in its first year in a competitive market?
Profit
Growth
Survival
Market share
13
Which of the following is
not
a method of organic growth?
Gaining new customers
Increasing output
Developing new products
Takeover