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GCSE Business Theme 2 GGS Flashcards | StudBud
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GCSE Business Theme 2 GGS
GCSE Business Theme 2 GGS
35 terms
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A revision for key topics in theme 2 of the new GCSE business qualification
Flashcards
35 cards
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Practice quiz
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Questions
35
Answers
1
Which ONE of the following is an internal source of finance?
Retained Profit
Trade Credit
Bank Loan
Share Capital
2
A tall organisational structure....
Has a wide span of control and a short chain of command
Has a narrow span of control and a long chain of command
3
Which ONE of the following is NOT a method of production?
Productivity
Job
Batch
Flow
4
Which ONE of the following is NOT a negative impact on the environment?
Carbon Footprint
Pollution
Ethics
Non-renewable resources
5
Which ONE of the following is NOT a barrier to effective communication?
Making Mistakes
Poor Spelling
Use of Jargon
Accent not Understood
6
Which ONE of the following is NOT a benefit of motivating workers?
Increases employee attendance
Decreased competitive advantage
Improved productivity
Improved efficiency
7
The buffer stock in the diagram is ....
25 units
70 units
95 units
60 units
8
Which ONE of the following is an example of external growth?
Developing new products
Merger
Selling abroad
E-Commerce
9
Autonomy is best described by....
Employees have the independence to make their own decisions
Employees are given more responsibility
Employees are given more tasks to do
Employees are given different jobs to do
10
Which ONE of the following is NOT a method of pressure group activity?
Online Petition
Viral Marketing
Boycott
Pollution
11
Which ONE of the following is NOT a method of financial motivation?
Commission
Remuneration
Job Rotation
Bonuses
12
Which ONE of the following is NOT a feature of Just-in-Time stock control?
Need reliable supplers
Reduces the chance of stock going out of date
Cost of holding stock higher
Zero buffer stock held
13
Which ONE of the following is NOT an operating expense?
Raw Materials
Insurance
Rent
Salaries
14
Which of the following is where an employee is not contracted to work a set number of hours?
Temporary Contract
Freelance Contract
Zero Hours Contract
Permanent Contract
15
Using the diagram identify phase 3 of the product life cycle
Launch
Maturity
Growth
Decline
16
Which ONE of the following is NOT a benefit of a public limited company?
Unlimited Liability
Large business seen as more reliable
Able to raise finance by selling shares
May be able to negotiate bigger bank loans
17
Which ONE of the following is NOT a benefit of training workers?
Decreases productivity
Improves quality
Improved motivation
Employees feel more valued
18
Which ONE of the following best describes the term 'ethics'?
Moral standards that influence business decisions
An action taken to reduce the flow of imports into a country
A business that operates in more than one country
When a business operates on an international scale
19
Which ONE of the following is NOT an element of the design mix?
Aesthetics
Function
Cost
Price
20
Which ONE of the following is NOT a method of differentiation?
Unique Selling Point
Quality
Brand
High Profits
21
Selling products or services to customers through a physical shop is called......
Selling
E-Tailing
Manufacturing
Retailing
22
Which ONE of the following is NOT a feature of external recruitment?
May bring new skills into the business
Cheapest method of recruiting workers
May take a long time to find a candidate
Higher number of potential candidates
23
Which ONE of the following is NOT an impact of technology on production?
Improved Productivity
Decreased Flexibility
Improved Quality
Reducing Unit Cost
24
Which ONE of the following is a feature of introduction stage of the product life cycle?
An rapid increase in sales
Low Sales
A sharp fall in sales
A slowdown in sales growth
25
Which ONE of the following is NOT a stage of the sales process?
Customer Interest
Customer Engagement
Customer Loyalty
Quality
26
Which term is 'where a business checks for quality at every stage of production'?
Competitive Advantage
Quality Assurance
Quality Mark
Quality Control
27
What of the following terms best describes a 'tariff'?
A tax deducted from a workers income
A tax on imports into a country
A tax on a business's sales
A tax on the profits of a limited company
28
Which ONE of the following is NOT a method of promotion?
Sponsorship
Profit
Product Trials
Advertising
29
Gross Profit is calculated by....
Revenue - Fixed Costs
Revenue - Operating Costs
Revenue - Total Costs
Revenue - Cost of Sales
30
Which ONE of the following is NOT a feature of a decentralised organisation structure?
Increases motivation lower down the hierarchy
Local managers are more creative
Decisions are made at the top of the hierarchy
Day-to-day decisions can be made more quickly
31
A group of countries that agree to act together to promote trade between themselves is called..
A multinational
Exports
A trading bloc
Globalisation
32
Which ONE of the following is a feature of flow production?
Making a standardised product
Making a tailor made product
Uses limited automation
Uses highly skilled workforce
33
Which of the following documents is NOT produced by the business during the recruitment process
Person Specification
Job Advert
Job Description
CV
34
Which of the following best describes the term 'logistics'?
The organisation and transportation of supplies
The process of buying supplies
Stock that is likely to go out of date quickly
The quality of the supplies
35
Which ONE of the following is NOT an extension strategy?
Increase Advertising
Increase Prices
Modify the Profduct
Lower Prices
