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Business Studies Preparation
Which one of the following is a reason for a business to be dynamic?
Changing customer needs/wants
Changes in Technology
Outdated Goods and Services
Changes in customer tastes
Which of the following is an example of a fixed cost
Vehicle fuel
Price of raw materials
A loan repayment
Delivery costs
Market segmentation is when...
A business breaks its target market down in to sub groups
A business sells more products
A business loses its market share
A business breaks even
How confident do you feel about your overall result following your first assessment last week?
Feeling positive
Half and half
Not feeling very positive
Which of the following is an example of a product?
Netflix
EE mobile network
Playstation 5
X Box Live
Margin of safety is another way of saying...
The status of a business once it has broken even
Products sold to be safe this month
The total costs of a business
The variable costs + the fixed costs
Which of the following are part of the marketing mix?
Publisher
Price
Product
Payment
If a business has receipts of £2000 with total costs of £1700, what was the net cash flow?
£-300
£300
£2000
£1700
If a business has receipts of £2000 with total costs of £1700, are they profitable or not?
Profitable
Breaking even
Making a loss
If a business has receipts of £2000 with total costs of £1700, If they sold ten items, what is the profit per sale?
£30
£100
£50
If total costs remain at £1700, if the business sells an additional 20 items next month what is the projected profit or loss?
£450
£900
£750
£550
What aspect of business studies does this image link to?
Marketing Mix
Design Mix
Product Mix
Customer Mix
Thinking about needs and wants, upgrading a mobile phone is a good example of a customer ________
Which of the following are examples of primary research?
Focus Group
Interview
Marketing report
Online article
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