Edexcel GCSE Business (9-1) Theme 2

Question 1

Gross Profit is calculated by....

Accepted Answer

Revenue - Cost of Sales

Question 2

Which ONE of the following is NOT a method of pressure group activity?

Accepted Answer

Pollution

Question 3

Which ONE of the following is a feature of introduction stage of the product life cycle?

Accepted Answer

Low Sales

Question 4

Selling products or services to customers through a physical shop is called......

Accepted Answer

Retailing

Question 5

Which ONE of the following is NOT a stage of the sales process?

Accepted Answer

Quality

Question 6

A group of countries that agree to act together to promote trade between themselves is called..

Accepted Answer

A trading bloc

Question 7

Which ONE of the following is NOT a benefit of motivating workers?

Accepted Answer

Decreased competitive advantage

Question 8

Which ONE of the following is NOT an element of the design mix?

Accepted Answer

Price

Question 9

Which ONE of the following is NOT an impact of technology on production?

Accepted Answer

Decreased Flexibility

Question 10

Which term is 'where a business checks for quality at every stage of production'?

Accepted Answer

Quality Assurance

Question 11

Which of the following documents is NOT produced by the business during the recruitment process

Accepted Answer

CV

Question 12

Which ONE of the following is NOT a feature of a decentralised organisation structure?

Accepted Answer

Decisions are made at the top of the hierarchy

Question 13

Autonomy is best described by....

Accepted Answer

Employees have the independence to make their own decisions

Question 14

The buffer stock in the diagram is ....

Accepted Answer

25 units

Question 15

Which ONE of the following is NOT an extension strategy?

Accepted Answer

Increase Prices

Question 16

Which ONE of the following is NOT a benefit of training workers?

Accepted Answer

Decreases productivity

Question 17

Which ONE of the following is NOT a method of promotion?

Accepted Answer

Profit

Question 18

Which ONE of the following is NOT a negative impact on the environment?

Accepted Answer

Ethics

Question 19

What of the following terms best describes a 'tariff'?

Accepted Answer

A tax on imports into a country

Question 20

Which ONE of the following is an example of external growth?

Accepted Answer

Merger

Question 21

Which ONE of the following is NOT a method of differentiation?

Accepted Answer

High Profits

Question 22

Which ONE of the following is NOT a benefit of a public limited company?

Accepted Answer

Unlimited Liability

Question 23

Which ONE of the following best describes the term 'ethics'?

Accepted Answer

Moral standards that influence business decisions

Question 24

Which ONE of the following is NOT a feature of external recruitment?

Accepted Answer

Cheapest method of recruiting workers

Question 25

Which of the following is where an employee is not contracted to work a set number of hours?

Accepted Answer

Zero Hours Contract

Question 26

Which ONE of the following is NOT an operating expense?

Accepted Answer

Raw Materials

Question 27

Which ONE of the following is an internal source of finance?

Accepted Answer

Retained Profit

Question 28

Which ONE of the following is NOT a method of production?

Accepted Answer

Productivity

Question 29

Which ONE of the following is a feature of flow production?

Accepted Answer

Making a standardised product

Question 30

Which ONE of the following is NOT a method of financial motivation?

Accepted Answer

Job Rotation

Question 31

A tall organisational structure....

Accepted Answer

Has a narrow span of control and a long chain of command

Question 32

Which ONE of the following is NOT a barrier to effective communication?

Accepted Answer

Making Mistakes

Question 33

Using the diagram identify phase 3 of the product life cycle

Accepted Answer

Maturity

Question 34

Which ONE of the following is NOT a feature of Just-in-Time stock control?

Accepted Answer

Cost of holding stock higher

Question 35

Which of the following best describes the term 'logistics'?

Accepted Answer

The organisation and transportation of supplies

Edexcel GCSE Business (9-1) Theme 2

Questions 35

Edexcel GCSE Business (9-1) Theme 2

Questions 35