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Y11 Business Studies Revision Flashcards | StudBud
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Y11 Business Studies Revision
Y11 Business Studies Revision
20 terms
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GCSE Business Studies Revision
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What would be the impact on a business if they started to make a loss?
Lower fixed costs
Higher net cash flow
Higher Corporation Tax
Lower overall profit
2
Information about opinions, judgements and attitudes is known as:
Market mapping
Quantitative data
Qualitative data
Financial objectives
3
Which one of the following is an example of variable costs?
Raw materials
Insurance premiums
Salaries
Loan repayments
4
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
5
Which one of the following is an example of long-term finance for a sole trader?
Bank Loan
Trade credit
Share Capital
Overdraft
6
Which one of the following would be drawbacks to businesses facing increased competition?
Offering good products and service
Need to cut staffing levels
An increase in innovation
Ability to increase prices
7
Which one of the following is an example of a short-term source of finance?
Overdraft
Loan from bank
Share capital
Venture capital
8
Which two of the following would add value to a sandwich shop?
Producing a business plan
No uniform for staff
Increasing opening hours
Competitors increasing prices
9
Which one is a way that a business could ensure it provides quality customer service:
Providing regular staff training
Reducing staff working hours
Cutting staff wages
Decreasing the number of staff
10
Which one of the following is the most important feature of enterprise?
Poor planning
A willingness to take risks
Employing people
Gaining qualifications
11
Which two of the following are the most likely advantages of starting a franchise?
Ability to offer a different service
Banks are more willing to lend money
Can buy goods to sell from any supplier
Training and support are provided
12
Which is the most likely reason for sole traders to fail in the first two years?
Competition from larger companies
Not being able to have a holiday
Too much consumer demand
Having to publish accounts
13
Identifying where there is a gap for a business opportunity is known as:
Cash flow forecast
Financial objectives
Marketing mix
Market mapping
14
Which one of the following would break legislation if included in a job advertisement?
"Must be British"
"Working hours"
"Two years of experience"
"Must have at least NVQ level 2"
15
A document that shows money going in and out of a business is known as:
Financial objectives
Capital
Cash flow forecast
Income tax
16
Which one of the following is a disadvantage of using personal savings as a source of finance?
The money is instantly available
The money will not have to be repaid
No interest will have to be paid
The amount available might not be sufficient
17
Which one of the following is a stakeholder in a sandwich restaurant ('Sandwiches to Go')?
Commuters who pass by Sandwiches to Go
Customers of Sandwiches to Go
Newsagent whose shop is near to Sandwiches to Go
Owners of the railway station
18
The price of one currency in terms of another is known as:
Capital
Exchange rate
Cash flow forecast
Income tax
19
Using the internet to gather information is which type of market research?
Focus group
Segmentation
Secondary research
Primary research
20
One key feature of unlimited liability is that the owner will:
...is responsible for all his debts
...have a number of people working for him
...cannot get a bank loan
...work on his own
