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