Case Study & Theory Knowledge

A business saves on advertising and transport costs

An independent shop is..............................

How many bars specialist retailers will there be at Festival Fields this year?

What % of all festival goers had above average income?

Which of the following IS NOT a tax paid on spending?

A bank allows a business to spend more money than there is in its currentaccount

A business uses equipment but does not own it until it has made the final payment

Definition: "Components arrive at the factory just before they are needed"

What effect will a weak pound have on the price of the ticket in Euros?

What is difference in price between the UK and Chinese suppliers?

What effect will a strong pound have on the price of the ticket in Euros?

How many temporary restaurants will there be at Festival Fields this year?

Unemployment in Bowton is.......

"Many firms, many products, low prices" describes

What is disposable income?

"System of control where everyone takes responsibility for the quality of the goods produced."

How did BMF finance the buying and selling of T-shirts this year?

All goods are sold at a profit

Social costs are ......................

What is price of the weekend pass?

The theme of the festival this year is...........

How many bars will there be at Festival Fields this year?

What are the advantages of using a UK supplier?

What method of production does Chinese T-shirt supplier use?

A business has a range of products and services do it is not dependent on one product

Goods are obtained from another business without immediate payment being made

How many specialist retailers will there be at Festival Fields this year?

A business saves on production costs by using better methods and equipment

A business uses equipment but does not own it until it has made the final payment

Net profit is usually bigger than gross profit

A business borrows a large sum of money to purchase or improve a building

What source of finance was used in forming BMF 20 years ago?

Definition: "Production machinery is controlled by computer"

A business can employ specialist managers who improve efficiency

How much does BFM hope to raise form sponsorship?

How many adventure holiday firms will there be at Festival Fields this year?

A dividend is payment of profit to the owner of the business

Definition: "A system of designing a product with the aid of a computer."

How many food stalls will there be at Festival Fields this year?

What % of festival attendees come from other EU countries?

What is cost per T-shirt if 15 000 T-shirts were ordered?

How many outdoor pursuits shops are there in Bowton?

Incomes in Bowton are

What is "Spirit of Adventure"?

How many T-shirts does BMF intend to buy this year?

How did BMF finance the buying and selling of T-shirts last year?

Which of the following IS NOT a tax paid on income?

When does the Festival take place

A business does not have to pay out as much money to raise finance

Number of items sold multiplied by the selling price equals sales revenue

A business is given a discount for purchasing in large quantities.

Which is NOT a way to increase competition

Local economists forecast that interest rates in UK will

Bowton Council decided to give a grant of ................. to BMF