GCSE Business year 11

Question 1

Ethical behaviour requires firms to act in ways stakeholders consider to be fair and honest

Accepted Answer

True

Question 2

What is international trade?

Accepted Answer

Exchange of goods and services betweendifferent countries.

Question 3

Centralised organisations have decisions made exlusively by senior managers at the head office

Accepted Answer

True

Question 4

Which is the second part of the product life cycle

Accepted Answer

Growth

Question 5

Which of the following are fringe benefits

Accepted Answer

Laptop, Mobile Phone

Question 6

Product trial guarantees people to come and buy it again

Accepted Answer

False

Question 7

If fixed costs increase then profit would also increase

Accepted Answer

False

Question 8

Which best defines “Exchange rate”

Accepted Answer

The price of one currency against another

Question 9

Remuneration is what?

Accepted Answer

how much workers are paid in the business

Question 10

Where are businesses encouraged to build?

Accepted Answer

Brown field sites

Question 11

What helps a business to be sustainable?

Accepted Answer

Recyclable packaging

Question 12

A diagram such as this is called what?

Accepted Answer

organisational chart

Question 13

Piece rate is an example of

Accepted Answer

Result based remuneration

Question 14

What does the Consumer protection act protect a customer from?

Accepted Answer

Dangerous goods

Question 15

Communication is the process of transmitting information about and within the organisation

Accepted Answer

True

Question 16

Paying attention at every stage of production and delivery is know as

Accepted Answer

Quality Assurance

Question 17

effective communication is not very important to a business

Accepted Answer

False

Question 18

Ensuring the care of proper standards in manufactured goods, by random inspection

Accepted Answer

Quality Control

Question 19

Increased remuneration could increase workers motivation

Accepted Answer

True

Question 20

Which of the following would best for a business getting a van?

Accepted Answer

leasing

Question 21

Which of the following is an example of primary research

Accepted Answer

Focus group

Question 22

Food labels indicated salt, sugar, fat and energy content

Accepted Answer

true

Question 23

Information that is collected about people's opinions and views in called qualitative data

Accepted Answer

True

Question 24

Creating a team project is likely to increase communication

Accepted Answer

True

Question 25

To improve profits you will have to increase costs

Accepted Answer

False

Question 26

What can a market map be used to identify?

Accepted Answer

Gaps in the market

Question 27

The government does not provide guidance for businesses, letting them do as they please

Accepted Answer

False

Question 28

What could happen to a business if it is unethical (select 2)

Accepted Answer

Potentially less sales, More pressure from pressure groups

Question 29

A strong brand can help you set higher prices

Accepted Answer

True

Question 30

Which problem is an effect of the supply chain?

Accepted Answer

Traffic congestion

Question 31

Which of the following are current environmental issues?

Accepted Answer

Global warming, Acid Rain

Question 32

Place is not just shop location but how you buy products, such as mailorder or online

Accepted Answer

True

Question 33

Which source of finance has an interest rate?

Accepted Answer

Bank loan

Question 34

Which is the final part of the product life cycle

Accepted Answer

Decline

Question 35

What does the inflation policy do?

Accepted Answer

Force prices down by increasing interest rates

Question 36

The EU has funds which can support dealing with unemployment in different member countries

Accepted Answer

True

Question 37

Branding is applying a new idea to an existing product

Accepted Answer

false

Question 38

Tall organisational structures have a large span of control

Accepted Answer

False

Question 39

Effective communication is important as it makes it easier to control and coordinate activity

Accepted Answer

True

Question 40

Product trial is when a product is temporarily free for customers to try

Accepted Answer

false

Question 41

A business checking products after they are made is know as

Accepted Answer

Quality control

Question 42

Ethics is about

Accepted Answer

Doing the right thing

Question 43

Secondary research is also called desk research

Accepted Answer

True

Question 44

Which of the following options is a source of internal finance?

Accepted Answer

Selling assets

Question 45

Businesses use market research to identify customers' needs

Accepted Answer

True

Question 46

Which of the following will generally affect stock the most

Accepted Answer

revenue

Question 47

What is the best source of finance for a business buying a shop

Accepted Answer

Mortgage

Question 48

Differentiation is making your product similar to another

Accepted Answer

False

Question 49

What is an example of ethical trade

Accepted Answer

Fairtrade

Question 50

What does desk research involve?

Accepted Answer

Gathering existing data

Question 51

Name a short term consequence of pollution

Accepted Answer

Extreme loud noise

Question 52

How could you deal with a cash flow problem?

Accepted Answer

Get an overdraft

Question 53

In a recession those making premium products face problems as customers cut non-essentials

Accepted Answer

True

Question 54

Market Research guides you to have the best decision on products

Accepted Answer

True

Question 55

What does the span of control measure?

Accepted Answer

The number subordinates reporting directly to a manager

Question 56

How has the EU impacted on coach companies?

Accepted Answer

Increased costs by introducing a seatbelt law

Question 57

The marketing mix is made up of product, place, promotion and productivity

Accepted Answer

False

Question 58

Desk research means gathering existing data that has already been collected for another purpose

Accepted Answer

True

Question 59

Product trial is there to help to see if customers like that kind of product

Accepted Answer

True

Question 60

Which is the third part of the product life cycle

Accepted Answer

Maturity

Question 61

Differentiation is split into 4 stages of induction, growth, maturity and decline

Accepted Answer

False

Question 62

What are two ways of improving stock control

Accepted Answer

Keep better records of your stock, Use just in time stock control

Question 63

Freelancers are part of a business

Accepted Answer

False

Question 64

You could improve profit in the short term by

Accepted Answer

Cutting variable costs a little, Leasing

GCSE Business year 11

Questions 65

GCSE Business year 11

Questions 65