Economics Multiple Choice Question – 30 June 2018

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

The demand for ________ is more elastic than the demand for ________.

Select ONE answer:

  1. Pepsi; all soft beverages
  2. food; exotic vacations
  3. all personal computers; Dell computers
  4. chewing gum; cars

What is the implication on demand of consumer objectives and decisions?

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

The answer is 1

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Economics Multiple Choice Question – 29 June 2018

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

If the price of one good increases by 3 percent and the quantity demanded of another good increases by 2 percent, the cross elasticity is ________ and the two goods are ________.

Select ONE answer:

  1. 2/3, substitutes
  2. 3/2, substitutes
  3. 2/3, complements
  4. 3/2, complements

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

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

The answer is 1

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Business Studies Multiple Choice Question – 28 June 2018

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

Which ONE of the following is an example of secondary market research?

Select ONE answer only:

  1. Statistical analysis
  2. Focus group
  3. Government reports
  4. Questionnaire
  5. Observation

Explain ONE disadvantage to a business of the government introducing new consumer protection legislation.

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

The answer is 3 – This is an example of secondary market research, the rest are examples of primary market research

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Business Studies Multiple Choice Question – 27 June 2018

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

Which ONE of the following is an example of secondary market research?

Select ONE answer only:

  1. Market reports
  2. Statistical analysis
  3. Focus group
  4. Questionnaire
  5. Observation

Discuss the likely benefits to a business of using digital communications to communicate with its customers.

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

The answer is 1 – This is an example of secondary market research, the rest are examples of primary market research

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Business Studies Multiple Choice Question – 26 June 2018

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

Which ONE of the following is an example of secondary market research?

Select ONE answer only:

  1. Statistical analysis
  2. Focus group
  3. Questionnaire
  4. Observation
  5. Internet research

Explain ONE reason why a business may choose to invest in the latest technology.

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 5 – This is an example of secondary market research, the rest are examples of primary market research

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Business Studies Multiple Choice Question – 25 June 2018

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

Which ONE of the following is an example of a market segment for a small sports retailer?

Select ONE answer only:

  1. Rival sports retailers in the same area
  2. A questionnaire conducted with customers
  3. An advertisement in a local newspaper
  4. Government taxation
  5. Manager of a local netball team

Define the term stakeholders.

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

The answer is 5 – This is a market segment for a small sports retailer, the rest are other business needs or activities.

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Business Studies Multiple Choice Question – 24 June 2018

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

Which ONE of the following is an example of a market segment for a small sports retailer?

Select ONE answer only:

  1. Young members of local sports teams
  2. Rival sports retailers in the same area
  3. A questionnaire conducted with customers
  4. An advertisement in a local newspaper
  5. Government taxation

Explain ONE reason why a business would include financial forecasts in a business plan.

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1 – This is a market segment for a small sports retailer, the rest are other business needs or activities.

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