Edexcel GCSE Business Studies Unit 3

Question 1

Which ONE of the following is when a business breaks even:

Accepted Answer

Total Revenue = Total Costs

Question 2

Which ONE of the following is NOT an element of the Boston Matrix?

Accepted Answer

Maturity

Question 3

Which ONE of the following is NOT a reason for conducting market research?

Accepted Answer

Decreases innovation

Question 4

Which ONE of the following will NOT improve a business's cash flow

Accepted Answer

Increase advertising

Question 5

What is the name given to the bottom level of Maslow's hierarchy of needs?

Accepted Answer

Physiological Needs

Question 6

Which ONE of the following is a benefit of improved productivity?

Accepted Answer

Lowers unit costs

Question 7

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

Accepted Answer

Improved Productivity

Question 8

Which ONE of the following is NOT a method of import protection?

Accepted Answer

Limits

Question 9

Which TWO of the following are methods of product trial?

Accepted Answer

Free Samples, Special Offers

Question 10

Which ONE of the following is NOT an advantage of developing a brand?

Accepted Answer

Reduces a business's reputation

Question 11

Which ONE of the following is a barrier to effective communication?

Accepted Answer

Use of jargon

Question 12

Which ONE of the following is NOT an external source of finance?

Accepted Answer

Retained Profit

Question 13

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

Accepted Answer

Increased Tax

Question 14

Which ONE of the following is NOT a benefit of improved productivity?

Accepted Answer

Increases unit costs

Question 15

Which ONE of the following would NOT improve a business's cash flow?

Accepted Answer

Paying your suppliers quicker

Question 16

Which ONE of the following is NOT a feature of decentralisation?

Accepted Answer

Decisions are made only at the top of the hierarchy

Question 17

Which ONE of the following is most likely to lead to repeat purchase of a product?

Accepted Answer

Loyalty cards

Question 18

Which ONE of the following is NOT a benefit of branding?

Accepted Answer

Able to charge lower prices

Question 19

Which ONE of the following will product design help a business?

Accepted Answer

Differentiate its products

Question 20

Which ONE of the following is NOT a method of import protection?

Accepted Answer

Laws

Question 21

Which ONE is NOT a method pressure groups can use to persuade a business to be responsible?

Accepted Answer

Pass a law

Question 22

Which ONE of the following is NOT a benefit of improved communication?

Accepted Answer

Lower productivity

Question 23

What is the buffer stock level shown the diagram?

Accepted Answer

75

Question 24

Which ONE is an environmental problem resulting from the activities of a business?

Accepted Answer

Pollution

Question 25

Which ONE of the following is most likely the result of good customer service?

Accepted Answer

Increased repeat purchases

Question 26

Which ONE of the following is NOT a consumer protection law?

Accepted Answer

Minimum Wage Rate

Question 27

Which ONE is NOT a benefit of being an ethical business?

Accepted Answer

Lowers Costs

Question 28

Which ONE of the following is likely to increase a business's profits?

Accepted Answer

Increase revenue by more than costs

Question 29

Which ONE of the following does NOT collect qualitative data?

Accepted Answer

Past Sales Data

Question 30

What is the name given to stage 3 of the product life cycle?

Accepted Answer

Maturity

Edexcel GCSE Business Studies Unit 3

Questions 30

Edexcel GCSE Business Studies Unit 3

Questions 30