What is a financial method of motivation that a restaurant manager may use?

Introduce profit sharing for the chefs

main objective change from 'survival' to 'growth'. What would most likely explain this change of objective

The business is experiencing high demand

What is a disadvantage of being a sole trader?

Cannot share business ownership

,Which change to its marketing mix may help promote sales

Offer free superhero stickers and badges to all visitors

What is a benefit to a patient of receiving communication from their hospital doctor by email rather than by letter?

Emails can contain hyperlinks to further information about treatments

What is not a benefit to a golfing equipment retailer of training its sales assistants?

To increase the sales of golf umbrellas and waterproof clothing

What is a benefit to the local community of a nearby carpet factory extending its operations?

More job opportunities will be created

One purpose of marketing at a library is to:

advertise for an apprentice librarian

The current position of a product is shown by X on the product lifecycle diagram. According to the diagram:

sales grew rapidly but the product is now in maturity

What impacts are a customer boycott most likely to have on a business?

Worsened reputation, lower sales, reduced profit

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mock exam responses

15 termsStudBud Administration15 plays

Test your knowledge on various business concepts and marketing strategies with this engaging quiz. From organizational structures to marketing mix elements, challenge yourself with these thought-provoking questions.

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Questions 15

Answers

1
What is a financial method of motivation that a restaurant manager may use?
An award scheme for the chefs to develop low cost meals
Make staff pay for any glasses or plates they break
Introduce profit sharing for the chefs
Praise staff who suggest how the restaurant could save money
2
main objective change from 'survival' to 'growth'. What would most likely explain this change of objective
The business needs to lower its costs
The business is experiencing high demand
The business has become too big
The business has reduced its productivity
3
What is a disadvantage of being a sole trader?
Can only have one employee
Cannot share business ownership
Legally required to produce a business plan
Must pay corporation tax
4
,Which change to its marketing mix may help promote sales
Introduce price skimming across the full range of toys
Offer free superhero stickers and badges to all visitors
Use digital distribution channels for outdoor toys
Reduce the number of 'pre-school toy' loss leaders offered
5
A business with a tall organisational structure will have:
lots of distribution channels
short chains of command
multiple layers of authority
a high market share
6
Two brothers decide to set up their own window cleaning, a partnership. What is an entrepreneurial risk for the brother
Paying taxes
Poor health
Cold weather
Slippery ladders
7
What is a benefit to a patient of receiving communication from their hospital doctor by email rather than by letter?
Multiple medical appointments can be sent out at the same time
Emails can contain hyperlinks to further information about treatments
Doctors receive confirmation of receipt when the email is opened
Emails save money by reducing stationery, printing, and postal costs
8
What is not a benefit to a golfing equipment retailer of training its sales assistants?
To motivate staff to assist customers who are trying on golf shoes
To help staff give advice on which golf clubs to buy
To reduce the time it takes to make golf bags and golf trolleys
To increase the sales of golf umbrellas and waterproof clothing
9
What is a benefit to the local community of a nearby carpet factory extending its operations?
The business will pay higher taxes
Increased road congestion from more lorries delivering textiles
More job opportunities will be created
A wider choice of carpet designs will be available
10
One purpose of marketing at a library is to:
provide better training for librarians
advertise for an apprentice librarian
encourage more families to use the library
update the library's stock of books
11
The current position of a product is shown by X on the product lifecycle diagram. According to the diagram:
the product continues to be highly profitable
the product is experiencing a rapid decline
sales grew slowly but the product is now in decline
sales grew rapidly but the product is now in maturity
12
Two vets agree to combine their practices and operate as one business. This is an example of a:
vertical takeover
merger
diversification
horizontal takeover
13
What is one of the 'four Ps' of the marketing mix?
Penetration
Place
Profit
Planning
14
A clothing designer may choose to flatten its organisational structure to reduce the:
creativity of its garment designers
independence of its fabric buyers
time it takes to respond to changes in fashion
need for innovation and change
15
What impacts are a customer boycott most likely to have on a business?
External growth, reduced profit, increased dividends
Worsened reputation, lower sales, reduced profit
Improved brand image, more customers, increased profit
Fewer customers, reduced profit, increased market share

mock exam responses Flashcards | StudBud

mock exam responses

15 termsStudBud Administration15 plays

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
What is a financial method of motivation that a restaurant manager may use?
An award scheme for the chefs to develop low cost meals
Make staff pay for any glasses or plates they break
Introduce profit sharing for the chefs
Praise staff who suggest how the restaurant could save money
2
main objective change from 'survival' to 'growth'. What would most likely explain this change of objective
The business needs to lower its costs
The business is experiencing high demand
The business has become too big
The business has reduced its productivity
3
What is a disadvantage of being a sole trader?
Can only have one employee
Cannot share business ownership
Legally required to produce a business plan
Must pay corporation tax
4
,Which change to its marketing mix may help promote sales
Introduce price skimming across the full range of toys
Offer free superhero stickers and badges to all visitors
Use digital distribution channels for outdoor toys
Reduce the number of 'pre-school toy' loss leaders offered
5
A business with a tall organisational structure will have:
lots of distribution channels
short chains of command
multiple layers of authority
a high market share
6
Two brothers decide to set up their own window cleaning, a partnership. What is an entrepreneurial risk for the brother
Paying taxes
Poor health
Cold weather
Slippery ladders
7
What is a benefit to a patient of receiving communication from their hospital doctor by email rather than by letter?
Multiple medical appointments can be sent out at the same time
Emails can contain hyperlinks to further information about treatments
Doctors receive confirmation of receipt when the email is opened
Emails save money by reducing stationery, printing, and postal costs
8
What is not a benefit to a golfing equipment retailer of training its sales assistants?
To motivate staff to assist customers who are trying on golf shoes
To help staff give advice on which golf clubs to buy
To reduce the time it takes to make golf bags and golf trolleys
To increase the sales of golf umbrellas and waterproof clothing
9
What is a benefit to the local community of a nearby carpet factory extending its operations?
The business will pay higher taxes
Increased road congestion from more lorries delivering textiles
More job opportunities will be created
A wider choice of carpet designs will be available
10
One purpose of marketing at a library is to:
provide better training for librarians
advertise for an apprentice librarian
encourage more families to use the library
update the library's stock of books
11
The current position of a product is shown by X on the product lifecycle diagram. According to the diagram:
the product continues to be highly profitable
the product is experiencing a rapid decline
sales grew slowly but the product is now in decline
sales grew rapidly but the product is now in maturity
12
Two vets agree to combine their practices and operate as one business. This is an example of a:
vertical takeover
merger
diversification
horizontal takeover
13
What is one of the 'four Ps' of the marketing mix?
Penetration
Place
Profit
Planning
14
A clothing designer may choose to flatten its organisational structure to reduce the:
creativity of its garment designers
independence of its fabric buyers
time it takes to respond to changes in fashion
need for innovation and change
15
What impacts are a customer boycott most likely to have on a business?
External growth, reduced profit, increased dividends
Worsened reputation, lower sales, reduced profit
Improved brand image, more customers, increased profit
Fewer customers, reduced profit, increased market share