Home Library Explore SAT

Home Library Explore SAT

Y11 Business revision Flashcards | StudBud

Explore/Y11 Business revision

Y11 Business revision

12 terms·StudBud Administration·13 plays

Some random questions for Edexcel Business Studies Unit 3 #businessunit3gcse

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
Which is not an advantage of increased motivation of workers?
So staff are less likely to take time off
So they can give better customer service
So they can earn a higher wage
So employees are more productive
2
A market segment is...
An area of the market the business sells in
The people who buy your product
A business owner
A group of customers with similar buying habits
3
Which is not an element of the 4Ps of the marketing mix?
People
Place
Promotion
Price
4
Which is the element of the marketing mix responsible for the distribution of the product?
Place
Product
Promotion
Distribution
5
The formula for break even is
Total revenue - total costs
Selling price - variable costs
Fixed costs / Contribution
Contribution / Fixed costs
6
Remuneration refers to...
Rewarding people for work
Fringe benefits
How people get paid
Having a wide range of skills
7
Being ethical can not allow a business to...
Differentiate itself in the market
Add value
Charge higher prices
Pay less than the national minimum wage
8
Which of the following is likely to see an improvement of cash flow?
Buy more stock
Take out a bank loan
Increased interest rates on money borrowed
Paying suppliers earlier
9
Which is not a source of secondary research?
Journals
Focus groups
Internet
Newspapers
10
Which of the following is not part of Maslow's hierarchy of needs?
Safety
Teamwork
Self-actualisation
Social
11
What is the impact on UK businesses if the Pound strengthens?
Imports cheaper
Exports cheaper
Will have to pay more back to the bank
Imports dearer
12
Which of the following will allow a business to increase its profits?
Reduce revenue and increase total costs
None of the above
Keep revenue the same but decrease total costs
Advertise less