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 is an internal stakeholder of business that repairs cars?

Mechanics who work at the garage

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) UNIT 1: 1. Business Activity 1

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A multiple choice quiz on Business Activity topics.

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Questions 10

Answers

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

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