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Edexcel GCSE Business (9-1) Theme 2 Flashcards | StudBud
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Edexcel GCSE Business (9-1) Theme 2
Edexcel GCSE Business (9-1) Theme 2
25 terms
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A revision for key topics in theme 2 of the new GCSE business qualification
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Which term is 'where a business checks for quality at every stage of production'?
Quality Assurance
Competitive Advantage
Quality Mark
Quality Control
2
Selling products or services to customers through a physical shop is called......
Manufacturing
Selling
E-Tailing
Retailing
3
Which ONE of the following is NOT a benefit of a public limited company?
May be able to negotiate bigger bank loans
Unlimited Liability
Able to raise finance by selling shares
Large business seen as more reliable
4
Which ONE of the following is an example of external growth?
Merger
Selling abroad
Developing new products
E-Commerce
5
Which ONE of the following best describes the term 'ethics'?
An action taken to reduce the flow of imports into a country
A business that operates in more than one country
Moral standards that influence business decisions
When a business operates on an international scale
6
Gross Profit is calculated by....
Revenue - Operating Costs
Revenue - Cost of Sales
Revenue - Total Costs
Revenue - Fixed Costs
7
A group of countries that agree to act together to promote trade between themselves is called..
Exports
Globalisation
A multinational
A trading bloc
8
Which ONE of the following is NOT a negative impact on the environment?
Ethics
Non-renewable resources
Pollution
Carbon Footprint
9
Which ONE of the following is NOT an element of the design mix?
Cost
Function
Price
Aesthetics
10
The buffer stock in the diagram is ....
95 units
60 units
70 units
25 units
11
Which ONE of the following is NOT a method of pressure group activity?
Online Petition
Pollution
Boycott
Viral Marketing
12
Which ONE of the following is NOT an impact of technology on production?
Improved Quality
Decreased Flexibility
Improved Productivity
Reducing Unit Cost
13
Which of the following best describes the term 'logistics'?
The organisation and transportation of supplies
The quality of the supplies
The process of buying supplies
Stock that is likely to go out of date quickly
14
Which ONE of the following is NOT an extension strategy?
Increase Advertising
Modify the Profduct
Lower Prices
Increase Prices
15
What of the following terms best describes a 'tariff'?
A tax on imports into a country
A tax on the profits of a limited company
A tax deducted from a workers income
A tax on a business's sales
16
Which ONE of the following is NOT a method of differentiation?
Brand
Unique Selling Point
High Profits
Quality
17
Using the diagram identify phase 3 of the product life cycle
Maturity
Launch
Growth
Decline
18
Which ONE of the following is NOT a method of production?
Batch
Flow
Job
Productivity
19
Which ONE of the following is NOT a stage of the sales process?
Customer Loyalty
Customer Interest
Customer Engagement
Quality
20
Which ONE of the following is an internal source of finance?
Bank Loan
Share Capital
Trade Credit
Retained Profit
21
Which ONE of the following is a feature of introduction stage of the product life cycle?
A slowdown in sales growth
An rapid increase in sales
Low Sales
A sharp fall in sales
22
Which ONE of the following is NOT an operating expense?
Rent
Salaries
Insurance
Raw Materials
23
Which ONE of the following is NOT a method of promotion?
Advertising
Sponsorship
Product Trials
Profit
24
Which ONE of the following is NOT a feature of Just-in-Time stock control?
Cost of holding stock higher
Zero buffer stock held
Reduces the chance of stock going out of date
Need reliable supplers
25
Which ONE of the following is a feature of flow production?
Uses highly skilled workforce
Uses limited automation
Making a standardised product
Making a tailor made product
