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- 1. Multiple Choice
How many components do you study in this qualification?
One
Two
Three
Four
- 2. Multiple Choice
How many of your components are examined
One
Two
Three
- 3. Multiple Choice
The component you are examined in is?
Exploring Business
Planning for and running an enterprise
Promotion and Finance
- 4. Multiple Choice
What is a good?
A commodity, or a physical, tangible item that satisfies some human want or need.
A valuable action, deed, or effort performed to satisfy a need or to fulfil a demand.
When someone is nice to you.
- 5. Multiple Choice
What is a service
A valuable action, deed, or effort performed to satisfy a need or to fulfil a demand.
A commodity, or a physical, tangible item that satisfies some human want or need.
A business involved in the production of card
- 6. Multiple Choice
What is enterprise?
A commodity, or a physical, tangible item that satisfies some human want or need.
A business that carry out one or more activities, such as being involved with goods, services or both.
A valuable action, deed, or effort performed to satisfy a need or to fulfil a demand.
- 7. Multiple Choice
How do you obtain your overall grade in this subject?
You are awarded points for each component you complete. These are added up to give an overall score which relates to a grade.
You are awarded points for each component you complete. These are added up to give an overall score which relates to a grade. But you must get at least a Level 2 pass on each component.
- 8. Multiple Choice
What is revenue?
It is the amount you receive from sales
It is the amount you have after all your costs are taken away from your sales
It is the proportion of a market controlled by a business
- 9. Multiple Choice
The competition for Costa Coffee would not be?
Starbucks
A local cafe in town
McDonalds
Primark
- 10. Multiple Choice
A fish and chip shop would retain not retain customers by?
Cooking their chip in gluten free oil
Having a high hygiene rating
Charging more than their competitors
Having a variety of fast food to sell
- 11. Multiple Choice
Good customer service at a fish and chip shop could include all of the answers below except?
Knowledgeable staff
Free delivery
Good size portions
Slow service
- 12. Multiple Choice
A business wants to give good customer service so that ...
It gets good reviews
Its profits increase
It gets new customers
Its revenue increases
- 13. Multiple Choice
creativity is.....
A way of looking at problems from a fresh perspective that suggest unusual solutions.
Being able to make your business look nice.
Having a member of staff who is really good at art.
- 14. Multiple Choice
Businesses may fail because of all of the following reasons except...
High interest rates.
Poor cash flow.
Bad management decisions.
A growing economy.
- 15. Multiple Choice
A micro business has.....
Between 1-10 members of staff
Between 1-20 members of staff
Between 11-50 members of staff
Between 51-250 members of staff
- 16. Multiple Choice
A sole trader is ...
A business owned by one person
A business owned by between 2-2- people
A business that has limited liability
A business owned by shareholders
- 17. Multiple Choice
A partnership is
A business owned by one person.
A business normally owned by between 2-20 people.
A business that has limited liability.
A business that has share holders
- 18. Multiple Choice
A Private limited company is ....
A business owned by one person
A business owned by partners
A business with unlimited liability
A business owned by shareholders
- 19. Multiple Choice
An advantage of being a sole trader is that .....
You have full control of the business and can make decisions quickly
You have unlimited liability
You can raise capital easily
You have lots of people to share ideas with
- 20. Multiple Choice
The advantage of being are partnership is that ....
You have unlimited liability.
You can have possible conflicts with other partners.
You have to share the profits.
It is easier to raise finance than a sole trader.
- 21. Multiple Choice
Which of these is a sole trader
John Green Ltd
Peter Jacks and Sons
McDonalds
A self-employed plumber
- 22. Multiple Choice
An advantage of trading on-line is ....
The high rental costs
The high labour costs
The cost of postage for returned items
The ability to access markets
- 23. Multiple Choice
An advantage of having a physical store is .....
The high rental costs
The high labour costs
Customers can try your products before they buy them
The high cost of utilities (gas and electric)
- 24. Multiple Choice
A disadvantage of having an on-line store are ......
The possibly of breaches of security and fraud
Low rent
Low utility bills (gas and electric)
The ability to widen your market
- 25. Multiple Choice
Which of these businesses is a private limited company?
A self-employed painter and decorator
The sandwich lady and sons
P.F.Smith Ltd
A self-employed carpenter
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