Business Studies Multiple Choice Question – 3 December 2017

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

Katie is investigating setting up as an independent newsagent. She has drawn up several market maps to help her in her market research.

A market map is a visual map showing?

Select ONE answer:

  1. Opportunity
  2. Where the business is located
  3. The conclusions of a market survey
  4. Where a product is positioned in the market
  5. Market segments

Explain with a labeled example that you have drawn how a market map is drawn up:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – Another tool used to help identify a business opportunity is a market map. A market map is a diagram that identifies all the products in the market using two key features. A market map showing a gap in the market.

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