stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Business Studies Revision Flashcards | StudBud
Explore
/
Business Studies Revision
Business Studies Revision
20 terms
·
StudBud Administration
·
69 plays
GCSE Business Studies Revision #edexcel #businessstudies #gcse #revision
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Which one of the following would break legislation if included in a job advertisement?
"Two years of experience"
"Working hours"
"Must be British"
"Must have at least NVQ level 2"
2
What would be the impact on a business if they started to make a loss?
Lower fixed costs
Higher Corporation Tax
Higher net cash flow
Lower overall profit
3
Which one of the following would be drawbacks to businesses facing increased competition?
An increase in innovation
Offering good products and service
Ability to increase prices
Need to cut staffing levels
4
Which one of the following would be the LEAST effective in adding value to customer experience?
Offering flights to fewer destinations
Being able to book tickets online
Offering flights to more destinations
Being able to reserve a seat
5
Which is the most likely reason for sole traders to fail in the first two years?
Not being able to have a holiday
Having to publish accounts
Competition from larger companies
Too much consumer demand
6
The price of one currency in terms of another is known as:
Capital
Cash flow forecast
Income tax
Exchange rate
7
Which one of the following is a stakeholder in a sandwich restaurant ('Sandwiches to Go')?
Commuters who pass by Sandwiches to Go
Customers of Sandwiches to Go
Owners of the railway station
Newsagent whose shop is near to Sandwiches to Go
8
Information about opinions, judgements and attitudes is known as:
Quantitative data
Market mapping
Financial objectives
Qualitative data
9
Which two of the following would add value to a sandwich shop?
No uniform for staff
Increasing opening hours
Competitors increasing prices
Producing a business plan
10
Which one of the following is a disadvantage of using personal savings as a source of finance?
The money is instantly available
The amount available might not be sufficient
The money will not have to be repaid
No interest will have to be paid
11
Using the internet to gather information is which type of market research?
Primary research
Segmentation
Secondary research
Focus group
12
Which one is a way that a business could ensure it provides quality customer service:
Reducing staff working hours
Providing regular staff training
Cutting staff wages
Decreasing the number of staff
13
Which one of the following is an example of long-term finance for a sole trader?
Trade credit
Bank Loan
Overdraft
Share Capital
14
One key feature of unlimited liability is that the owner will:
...have a number of people working for him
...cannot get a bank loan
...is responsible for all his debts
...work on his own
15
Identifying where there is a gap for a business opportunity is known as:
Marketing mix
Financial objectives
Cash flow forecast
Market mapping
16
Which one of the following is an example of variable costs?
Salaries
Insurance premiums
Raw materials
Loan repayments
17
Which two of the following are the most likely advantages of starting a franchise?
Banks are more willing to lend money
Can buy goods to sell from any supplier
Training and support are provided
Ability to offer a different service
18
Which one of the following is an example of a short-term source of finance?
Loan from bank
Venture capital
Share capital
Overdraft
19
A document that shows money going in and out of a business is known as:
Cash flow forecast
Financial objectives
Income tax
Capital
20
Which one of the following is the most important feature of enterprise?
Gaining qualifications
A willingness to take risks
Employing people
Poor planning
