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