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