GCSE AQA Business Unit 1 Revision

Question 1

Which of the following is a type of internal growth

Accepted Answer

organic

Question 2

If my revenue is £40, and my total costs are £35, what is my profit?

Accepted Answer

£5

Question 3

What do the 4Ps stand for?

Accepted Answer

Product, Price, Place, Promotion

Question 4

A document which sets out what the business does,what it intends to do in the future is called

Accepted Answer

A business plan

Question 5

I sold 5 pens for £2 each. What is my revenue?

Accepted Answer

£10

Question 6

Which of these is an example of a product safety law?

Accepted Answer

Food Safety Act

Question 7

Which of these is NOT a benefit of a business plan?

Accepted Answer

Guarantees success

Question 8

Each pen has a VC of £1. My FC are £20. If I sell 5 pens, what are my Total Costs?

Accepted Answer

£25

Question 9

Which of these is a method of INTERNAL recrutiment?

Accepted Answer

Adverts place on the business intranet

Question 10

Which of these is an advantage of a sole trader?

Accepted Answer

You're your own boss

Question 11

Which of these is NOT an example of a cash inflow?

Accepted Answer

Interest on Loan

Question 12

Which one of these is NOT a source of ADVICE for businesses?

Accepted Answer

Miss Doyle

Question 13

Which of these is an example of secondary market research?

Accepted Answer

Internet Research

Question 14

Which of these sources of finance is available to Ltd but NOT a sole trader

Accepted Answer

Share Capital

Question 15

Customer services means....

Accepted Answer

meeting the needs of customers as fully as possible

Question 16

Which of these is an ADVANTAGE of a partnership?

Accepted Answer

Skills can be shared

Question 17

Which of these is NOT a type of employee?

Accepted Answer

3/4 time

Question 18

How can a business IMPROVE its cash flow?

Accepted Answer

Reduce outflows

Question 19

A cash flow forecast has already happened.

Accepted Answer

False

Question 20

Which of these factors does NOT influence location?

Accepted Answer

Parks in the area

Questions 20