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Edexcel GCSE Revision Unit 3 Flashcards | StudBud
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Edexcel GCSE Revision Unit 3
Edexcel GCSE Revision Unit 3
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GCSE Edexcel Unit 3 revision quiz
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Who has been the chattiest 11B student this year?
Chrsity Basra
Georgia Hay
Christian Smith
Nathan Tella
2
Which of the following is NOT part of the design mix?
Product price
Product function
Product appearance
Cost effective production
3
A group of customers with similar characteristics (e.g. age, gender) is called...
a cash cow
a segway
a segment
a remnant
4
Which of the following is a feature of unlimited liability?
Personally responsible for all debts
Employs other staff
Cannot get a bank loan
Work on your own
5
A visual means of showing where a product is positioned in a market is...
Market Gap
Market Map
Market segment
Product Lifecycle
6
Contribution is calculated by...
SPpu-VCpu
Contribution pu -FC
FC-Contribution pu
VCpu-SPpu
7
Which of the following documents outlines the roles and duties of a job?
Job description
Application form
Person specification
Job specification
8
Revenue= £250 Fixed costs= £100 Variable costs= £1 Quantity sold=100 Profit is?
£50
Shedloads
£200
£100
9
Which of the following is NOT a method of improving cash-flow?
De-stocking
Cutting costs
Delay expansion
Increasing costs
10
Which of the following is break even point?
TR=TC
FC=VC
TR-TC
TR=VC
11
Who won the election?
Labour
UKIP
Lib Dem
Conservative
12
Who has been the chattiest 11A student this year?
Sam W
Paul
Ollie P
Isobel M
13
Total contribution is £600. Fixed costs are £300. What is profit?
£300
-£300
£900
£600
14
Which of the following is the most suitable long-term source of finance for a sole trader?
Trade credit
Retained profit
Overdraft
Share Capital
15
An individual who takes risks in order to make a profit is called...
Entrepreneur
Manager
Employee
Freelancer
16
Which of the following is not a method of remuneration?
Salary
Commission
Freelancer
Free canteen
17
Which of the following is NOT a method of improving profit?
Improve motivation
Cut price
Increase costs
Increase price
18
Which of the following is a disadvantage of holding buffer stock?
business could run out of stock
Increased costs of security & storage
Less likely to run out of stock
More shop space to display goods
19
Profit is calculated by...
FC+VC
TR divided by TC
TC-TR
TR-TC
20
Which stage of the product life cycle is most likely to have a negative cash-flow?
Introduction
Decline
Maturity
Growth
21
Which of the following describes raw materials such as coal, oils and wheat?
Commerce
Commodities
Oddities
Expenses
22
A tariff is an example of...
Export protection
Import protection
Wacky baccy
Business ethics
23
Which of the following is NOT a tax that a Ltd would pay?
Value Added Tax
Corporation tax
Income Tax
National Insurance Contributions
24
Selling price is £6, variable cost per unit is £4. What is contribution per unit?
£10
£2
-£2
£3
25
Which best describes adding value?
Being able to charge a higher price, from a USP
Increasing variable costs
being able to sell prducts more cheaply
Gaining repeat business
