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GCSE Business Studies Revision 1 Flashcards | StudBud
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GCSE Business Studies Revision 1
GCSE Business Studies Revision 1
12 terms
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StudBud Administration
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Mix of questions, around Shareholders, Marketing Mix & Customers, for GCSE revision.
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
The amount paid out of profits to shareholders is called......
Diversification
Donation
Dinner money
Dividend
2
Managing the stories that media tell about a firm is called.....
Spin
Loss limitation
Lies
Public Relations
3
When a share increases in price, the company earns
more money
less money
no money
some money
4
A company may make customers aware of a new product by.......
Hiding it under a bush in a remote village
Using its sales force
Not telling anyone about it, not even their mum!
Advertising
5
Why might an investor buy shares in a company?
to profit from the price increase
to try and take over the company
to receive a dividend
fluffy kittens
6
A firm might charge a high price because.......
people will buy anything expensive
the product is unique or new
there is little competition
the product is well branded
7
How many votes do shareholders have?
1 per share
1
0
10 per 100 shares
8
Firms supply goods and customers _______ them.
do not want
must have them
demand
really want
9
When might a firm charge a high price?
There is little competition
The product is unique & new
There is lots of competition
The product is heavily branded
10
How might a firm make customers aware of new products?
Advertising
Sales team
Hide them under a bush in a remote valley
Promotions
11
Demand for a product increases when......
when sales promotions are used
When the price is increased
when quality is low
Competitors leave the market
12
If a customer owes the business money, he or she is a....
Creditor
Thief
Free loader
Debtor
