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- 1. Multiple Choice
when a business starts up what does it have to create.
business plan
website
partnership
merchandise
- 2. Multiple Choice
what are benefits of a sole trader
lots of holiday time.
unlimited liability.
you get to keep all the profits.
low start up costs
- 3. Multiple Choice
what does plc stand for
public limited company
private limited company.
peoples lovely companies
public liked company
- 4. Multiple Choice
what would a business look for when relocating.
lots of KFC.
good transport links.
lots of good universities.
town with not a lot of people.
- 5. Multiple Choice
people only start businesses for money
true
false
- 6. Multiple Choice
what is job prodcution.
making lots of the same item.
making a special item for a single customer.
making in bulk.
making the item when the order comes through.
- 7. Multiple Choice
what is batch production.
making in bulk.
making the item when the order comes through.
- 8. Multiple Choice
what is overdraft.
drawing more money than the bank account owns.
taking out a loan for a house.
putting money into your bank account.
- 9. Multiple Choice
a high costumer spending is.....
good for a business.
bad for a business.
- 10. Multiple Choice
imports are cheaper when...
the exchange rate is higher in your country.
exchange rate is lower in your country
exchange rate is higher in the country your importing from.
- 11. Multiple Choice
legislation is....
the rights an employee has.
the rights the boss has.
the rights a customer has.
- 12. Multiple Choice
competition is...
bad for a business.
good for a business.
- 13. Multiple Choice
what is a monoply.
when one business sells monopoly.
when one business is the main or only seller of that good or service.
when one business is the most successful.
when a business starts franchising.
- 14. Multiple Choice
the person who buys a franchise is called...
franchisor
franchisol
frachisee
franchisel
- 15. Multiple Choice
buying out another business is an example of...
internal expansion.
eternal expansion.
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