Edexcel GCSE Business Unit 1 and 3

Question 1

This is efficiency / output per worker per hour

Accepted Answer

Productivity

Question 2

The design mix consists of

Accepted Answer

Economic manufacture, function and aesthetics

Question 3

Something that can protect an invention

Accepted Answer

Patent

Question 4

A company car and health insurance are examples of

Accepted Answer

Fringe benefits

Question 5

Abusiness can improve profit by

Accepted Answer

all of these

Question 6

Share capital means

Accepted Answer

raising finance by selling part ownbership of the business

Question 7

Fixed costs...

Accepted Answer

Do not change with output

Question 8

In a centralised organisation

Accepted Answer

Head office make most decisions

Question 9

A grid that measures 2 dfferent aspects within a market

Accepted Answer

Market Map

Question 10

Measures in place to check a customer receives an acceptable level of quality

Accepted Answer

Quality Control

Question 11

what is this defining "a feature of a product or service that is NOT shared by a competitor"

Accepted Answer

USP

Question 12

Customer loyalty reflected in regular purchasing is also known as

Accepted Answer

Repeat purchase

Question 13

A market segment is

Accepted Answer

A specific type of customer e.g. children

Question 14

The procss of putting a new ideaino practoce e.g. adapting a product over time

Accepted Answer

Innovation

Question 15

What is a royalty?

Accepted Answer

Percentage of sales paid to Franchisor

Question 16

Showing leadership and making decisions are examples of...

Accepted Answer

Enterprise skills

Question 17

Lower absenteeism can be a benefit is staff are...

Accepted Answer

Motivated

Question 18

If a bus company sold 4000 tickets today @ £1.20 each what is today's sales revenue?

Accepted Answer

£4800

Question 19

Quantatitive data is

Accepted Answer

easier to analyse

Question 20

Profit is calculated by

Accepted Answer

Sales revenue less Total costs

Question 21

The chance of soemething happening is also known as...

Accepted Answer

calculated risk

Question 22

Last month the £1 was equal to $1.50 and today equal to $1.35. This means....

Accepted Answer

The £ has decreased in value

Question 23

Treating someone unfairly based on their age/sex/race/religion is...

Accepted Answer

Discrimination

Question 24

True or False - There can be conflict amongst stakeholders

Accepted Answer

True

Question 25

What are brands an example of?

Accepted Answer

Added value

Question 26

Copyright...

Accepted Answer

protects the creator against their work being copied

Question 27

Primary research is

Accepted Answer

All of these

Question 28

Raw materials, bought in components, energy and piece-rate labour are examples of...

Accepted Answer

Variable costs

Question 29

When someone is personally reponsible for the debts of a business

Accepted Answer

Unlimited liability

Question 30

This is the minimum stock level held at all times to avoid running out

Accepted Answer

Buffer stock

Question 31

Which market segment is an Activia yogurt aimed at?

Accepted Answer

Lifestyle

Question 32

This is the moveent of cash in and out of the business

Accepted Answer

Cash flow

Question 33

At what stage of the PLC is Dairy Milk?

Accepted Answer

Maturity

Question 34

The Target Audience of Cadbury Milk Tray is...

Accepted Answer

Women

Question 35

False advertising is a breach of The...

Accepted Answer

The Trade Descriptions Act

Question 36

Sales revenue is calculated by

Accepted Answer

Price x quantity sold

Question 37

Break even is reached when

Accepted Answer

Revenue = Costs

Question 38

Qualitative data is

Accepted Answer

opinions, judgements & attitudes

Question 39

True or False - Cash flow is only a prediction?

Accepted Answer

True

Question 40

Someone who takes risks e.g Lord Sugar & Richard Branson

Accepted Answer

Entrepreneur

Question 41

In the Boston Matrix this has a high market share in a low growth market

Accepted Answer

Cash Cow

Edexcel GCSE Business Unit 1 and 3

Questions 41

Edexcel GCSE Business Unit 1 and 3

Questions 41