Month: October 2017

Business Studies Multiple Choice Question – 16 October 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The Boston Matrix is an example of?

Select ONE answer:

  1. Productivity analysis
  2. Promotional pricing
  3. Segmentation analysis
  4. Market research
  5. Product portfolio analysis

What is meant by a market segment?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 2 – Like Ansoff’s matrix, the Boston Matrix is a well known tool for the marketing manager. It was developed by a large US consulting group called Boston Consulting and is an approach to product portfolio planning. It has two determining aspects namely relative market share (which is relative to your competition) and market growth.

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Business Studies Multiple Choice Question – 15 October 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A “Question Mark” product in the Boston Matrix has?

Select ONE answer:

  1. Low sales in a slow-growth market
  2. Low sales in a high-growth market
  3. High sales in a slow-growth market
  4. High sales in a high-growth market
  5. is a mature product

Identify and give an example of ONE high-growth and ONE mature market you have seen recently:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 2 – A Question Mark has a low market share or sales in a fast-growing market. Whilst this type of product is likely to generate some revenue it may not be enough to sustain rapid growth and it may become a net consumer of cash as it struggles to retain its market share.

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Business Studies Multiple Choice Question – 14 October 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Attempts to prevent the sales of a product from declining are called?

Select ONE answer:

  1. Extrapolation strategies
  2. Extension strategies
  3. Expulsion strategies
  4. Extensive strategies
  5. Excellent strategies

Give THREE example of this strategy you have seen recently:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 2 – An extension strategy is a practice used by businesses to increase the market share for a given product or service in order to keep it in the maturity phase of the marketing product lifecycle rather than see it going into decline.

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Business Studies Multiple Choice Question – 13 October 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

The Boston Matrix…?

Select ONE answer:

  1. Measures the sales of one product over time
  2. Measures the cash-flow position of a firm over time
  3. Shows the profits of one company relative to others
  4. Shows the position of a firm’s products in terms of market share and market growth
  5. Forecasts the sales of a firm’s product

How is the Boston Matrix used in marketing planning?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 4 – Like Ansoff’s matrix, the Boston Matrix is a well known tool for the marketing manager. It was developed by a large US consulting group called Boston Consulting and is an approach to product portfolio planning. It has two determining aspects namely relative market share (which is relative to your competition) and market growth.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 12 October 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

At 30 November, Charles is owed a total of £72,660 by his customers. His receivables allowance brought forward from the previous year end is £11,700. He estimates that his receivables allowance should be equivalent to 15% of the amounts due from customers.

What value should be included in the income statement for receivables expense for the year to 30 November?

Select ONE answer:

  1. £801 debit
  2. £10,899 debit
  3. £801 credit
  4. £10,899 credit
  5. £11,700 credit

Show your workings to arrive at your answer, and explain and justify your reasons?……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Accounting KS5 classes.

The answer is 3 – The receivables allowance should be equivalent to 15% of the amounts due from customers (£72,660 x 15% = £10,899). If a candidate completes this calculation and then reviews the choices, there is a danger that, because £10,899 is included in two of the choices, one or other of those choices will be selected. This ignores the fact that the amount to be included in the income statement is the movement in the allowance – which has fallen from £11,700 to £10,899, or £801. A reduction in the allowance will be a credit in the income statement, thus the answer is 3.

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