Business Studies Multiple Choice Question – 11 December 2017

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

Business Studies

Tyler is a small independent shoe store. It is located on a local high street. A new hypermarket that sells shoes as part of its product offering has just been built at the bottom of the high street. Tyler has seen its sales fall in recent months and the owner is looking at ways he can compete more effectively.

Which ONE of the following is MOST LIKELY to help reduce Tyler’s costs in an effort to compete more effectively?

Select ONE answer:

  1. Increase its advertising in the local newspaper
  2. Provide better service by taking on more staff
  3. Increase the range of its shoes
  4. Ordering cheaper shoes from its suppliers
  5. Relocating to new premises

What are the other things that Tyler could do become more competitive through cost reduction?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4 – Cheaper shoes will allow Tyler to reduce the price he charges and allow him to be more competitive as a result against his larger rival.

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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