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Edexcel A Level Business - Paper 1 - General Flashcards | StudBud
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Edexcel A Level Business - Paper 1 - General
Edexcel A Level Business - Paper 1 - General
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Selection of questions from topics in themes 1 and 4
Flashcards
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Questions
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Answers
1
A key benefit of recruiting externally is:
External applicant may bring in fresh ideas
It is cheaper than recruiting internally
It is good for the morale of existing staff
Employer will know the applicant better
2
Which stage in the product life cycle is the most profitable?
Extension
Introduction
Growth
Maturity
3
A disadvantage of recruiting externally is:
Greater choice of candidates
Reduces promotion opportunities for existing staff
Reduce training costs
Increases diversity of workforce
4
Which of the following is NOT a motive for product differentiation?
Increase product/brand recognition
Extend the product range
Reduce the costs of production
Enable more flexible pricing
5
Which of the following is a PUSH factor?
Labour productivity
Risk spreading
Economies of scale
Saturated markets
6
Which of the following is a factor for assessing a country as a production location?
Natural resources
ALL of these
Location in trade bloc
Government incentives
7
Which of the following is NOT a common method of EXTERNAL recruitment:
Headhunting
Employment Agencies
Company Magazine
Advertising
8
A key benefit of operating as a private limited company is:
Profits are shared equally
Control over the business cannot be lost to outsiders
Unlimited liability for its shareholders
Financial accounts are made public
9
A key disadvantage of operating as a Ltd rather than a PLC is:
It has less control over its management team
Possibility of hostile takeover
Set up costs are more expensive
It is harder to raise capital
10
Which method of reward would be most appropriate to Taylor's Scientific Management theory?
Christmas bonus
Salary
Piece rates
Profit sharing
11
Which of the following strategies is the LEAST risky?
Market penetration
Market development
Diversification
Product development
12
Which of the following stakeholders is only likely to be relevant in the context of MNCs?
NGOs
Suppliers
Shareholders
Customers
13
When a sole trader or partnership is incorporated it becomes a...
Charity
Franchise
Company
Social enterprise
14
Which of the following is a key ethical consideration for MNCs?
Marketing activity/standards
Supply chains
ALL of these
The environment
15
Which of the following is NOT a factor to consider when assessing a country as a market?
Disposable income of population
Level of competition
Skills/Availability of labour
Exchange rate
