Which of the following is a good definition for Qualitive Research ?

First hand, in-depth research such as an interview.

Quality Control involves ?

Putting measures in place to ensure an accepted standard

Customer expectations include ?

Provideing even more than what was expected

A key feature of a product that is not shared by a rival

How do you calculate Margin of Safety ?

No of products produced minus Break Even

Consumer Protection is ?

Rules/Regulations/Laws looking after consumers interests

Prodcut Trial leads to....

Repeat Purchase and Customer Loyalty

Which of of the following is an advantage of de-stocking ?

Not having cash tied up in stock

Why is it important to have a good cashflow in relation to a successful PLC ?

To enable the next set of products to be developed

Quality Culture involves ?

It is built into everything the business does

A chain of command is.....

The route to communicate with the MD

Which of the following IS NOT a key feature of meeting customer needs ?

Having an effective Marketing Mix

What is Family Branding ?

Products distinguished under a company name

Productivity needs to be high to ?

Keep overall costs of making the product down

How could a business improve its revenue ?

Increase sales/Raise Prices/Introduce New products

Which one of the following IS NOT a way of improving profits ?

Improve credit terms for customers

Which one of the following is a disdvantage to two-way communiction ?

If Jargon is used it is confusing

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GCSE Business Studies Edexcel Unit 3 Quiz 1

40 termsStudBud Administration336 plays

A quick multiple choice test that covers the 2006-2017 GCSE Edexcel GCSE Business Studies spec.

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Questions 40

Answers

1
Which of the following is a good definition for Qualitive Research ?
Reading a Newspaper
Using an Internet Article
First hand, in-depth research such as an interview.
Collecting the results from a survey of closed questions
2
Ethics are....
A set of moral principles
A set of rules to live by
A set of morals set by an individual
A set of rules to work to
3
Quality Control involves ?
Putting measures in place to ensure an accepted standard
Writing rules to ensure an accepted standard
Putting rules in place to ensure standards
Putting measures in place to ensure a minimum standard
4
Which of the following is NOT part of the Boston Matrix ?
Rising Star
Cash Cow
Cat
Dog
5
Which one of the following is the most expensive form of finance ?
Hire Purchase
Overdraft
Mortgage
Bank Loan
6
Which one of the following IS NOT an outflow of cash ?
Creditors
Overdraft
Utilities
Debtors
7
The Marketing Mix consists of ?
Product Price Place Packaging
Product Price Place Promotion
Product Price Place People
Promotion Price Place People
8
Which of the following IS NOT a consumer law ?
The Food Services Act 2004
Consumer Credit Act 1974
Sale of Goods Act 1994
Trades Description Act 1968
9
JIT stands for ?
Just In Case
Just In Time
Juice and Tea
Just for Tea
10
Which of the following IS NOT a way of paying an employee ?
Buying them lunch
Wage
Piece Rate
Salary
11
A Tall Structure in a business is....
Centralised
Wide spans of control
Decentralised
Many layers of heirachy
12
Customer expectations include ?
Provideing even more than what was expected
Providing the bare minimum
Providing enough of what a customer wants
Providing what is expected
13
What is a USP ?
A key feature of a brand that is not shared by a rival
A key feature of a product that is not shared by a rival
A key feature of a product that is protected from a rival
A key feature of a product that is shared by a rival
14
Which one of the following IS NOT part of Maslows Hierarchy of Needs ?
Social Needs
Physological
Business Needs
Self-Actualisation
15
Customers have needs and .... that a business tries to meet.
Needs and Wants
Needs and Products
Needs and Answers
Needs and Questions
16
How do you calculate Margin of Safety ?
Break Even minus profit
No of products produced minus profit
No of products produced minus Break Even
No of products produced add profit
17
Which one of the following IS NOT a good way of Financing Growth ?
Retained Profit
Selling Assets
Selling Your House
Share Capital
18
Which point has nothing to do with poor communication ?
Time wasted
Profits are lost
Misunderstanding
Gives clear instructions
19
Which of the following is NOT a form of Primary Research ?
Product Testing
In-depth Interview
Mintel Report
Questionnaire
20
A Flat Structure in a business has...
Has few layers of heirarchy
Many layers of hierarchy
Has a small span of control
Includes pictures of the people in the business
21
Consumer Protection is ?
Rules/Regulations/Laws looking after businesses interests
Rules/Regulations/Laws looking after businesses money
Rules/Regulations/Laws looking after consumers money
Rules/Regulations/Laws looking after consumers interests
22
Prodcut Trial leads to....
Profits
Customer Loyalty and Profits
Repeat Purchase and Profits
Repeat Purchase and Customer Loyalty
23
The Product Life Cycle DOES NOT involve...
Growth
Decline
Market Share
Maturity
24
The Boston Matrix is also known as the.... ?
Marketing Mix
A Product Life Cycle
Product Portfolio
Ansoffs Matrix
25
Which of of the following is an advantage of de-stocking ?
Having lots of freezers full of meat
Not having cash tied up in stock
Having enough stock to meet all this months orders
Having stock in to deal with emergencies
26
Which one of the following does the Design Mix NOT include ?
Economic Manufacture
Research and Design
Asthetics
Function
27
Why is it important to have a good cashflow in relation to a successful PLC ?
To enable the next set of products to be developed
To enable the business to have lots of money to promote
To enable the business to make profits
To enable the business to have good publicity
28
Quality Culture involves ?
It is built into what management does
It is built into what they do in operations
It is built into what they do in marketing
It is built into everything the business does
29
A chain of command is.....
The route to the main office
The route to communicate with the MD
the route to the car park
The route to the canteen
30
Which of the following IS NOT a key feature of meeting customer needs ?
Being efficient and reliable
Providing great design
Having an effective Marketing Mix
Keeping close to the customer
31
Which one of the following isn't a form of Payment by Results ?
Salary
Commission
Bonuses
Performance Related Pay
32
What is Family Branding ?
Products distinguished under a surname
Products distinguished under a brand name
Products distinguished under a company name
Products distinguished under a product name
33
Productivity needs to be high to ?
Keep overall costs of making the product down
Keep the staff making the products busy
To employ enough people
Make enough products
34
Repeat Purchases encourages ?
Promotion
Prodcut Trial
Brand Loyalty
Losses
35
How could a business improve its revenue ?
Steady sales/Raise Prices/Introduce New products
Increase sales/Raise Prices/Introduce New products
Increase sales/Stable Prices/Introduce New products
Increase sales/Raise Prices/Improve products
36
Which one of the following IS NOT a way of improving profits ?
Reduce your workforce
Contract out work
Improve credit terms for customers
Cut Wages
37
Which one of the following is a disdvantage to two-way communiction ?
You have no chance to ask for clarification
If Jargon is used it is confusing
It gives a chance to check on details
It is expensive
38
Which one of the following IS NOT a business tax ?
VAT
Building Tax
National Insurance
Corporation Tax
39
You are building a brick wall, which of the following would NOT be useful to keeping costs down
Sourcing the best materials
Using a competent brick layer
Working on a dry day
Keeping fixed costs down
40
Fixed Costs plus..... = Total Costs
Variable Profit
Total Revenue
Varaiable Revenue
Varable Costs

GCSE Business Studies Edexcel Unit 3 Quiz 1 Flashcards | StudBud