Which of the following is an internal stakeholder of business that repairs cars?

Mechanics who work at the garage

A business makes jeans. Which of the following is the role of its suppliers?

To deliver fabric and fastenings on time

Which of the following could be a reason why two businesses have different objectives?

One business is new and the other is well established

Which of the following would increase the market share of a company?

Making its products more appealing

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GCSE Business (OCR 9-1): Business Activity 1

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A multiple choice quiz on Business Activity topics.

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Questions 10

Answers

1
The reward for enterprise is:
profit
hard work
self-discipline
risk
2
Which one of the following is not a reason to start your own business?
To be your own boss
To pursue personal interests
To satisfy customer needs
To increase financial risk
3
A clothing manufacturer buys a multiscreen cinema. What is this an example of?
A vertical takeover
A diversification
A horizontal merger
A partnership
4
Which one of the following types of business can sell shares on the stock exchange?
A private limited company
A sole trader
A public limited company
A partnership
5
Which of the following is an internal stakeholder of business that repairs cars?
Motorists who bring their car to the garage to be repaired
Residents living near to the garage
The government that creates the laws the garage must obey
Mechanics who work at the garage
6
The UK government requires sole traders to:
advertise online
employ staff
pay tax on profits
operate from home
7
A business makes jeans. Which of the following is the role of its suppliers?
To buy large quantities of jeans
To advertise the jeans on national television
To pay the wages of the sewing machinists
To deliver fabric and fastenings on time
8
Which of the following could be a reason why two businesses have different objectives?
Central government sets objectives for every business
One business is new and the other is well established
Diversification is not allowed
The law does not let businesses to have the same objectives
9
Which of the following would increase the market share of a company?
Employing fewer staff
Reducing output
Spending less money
Making its products more appealing
10
Using the pie chart shown, calculate the market share of Firm D.
10%
150%
41 2/3%
1%

GCSE Business (OCR 9-1): Business Activity 1 Flashcards | StudBud