Month: June 2018

Business Studies Multiple Choice Question – 20 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 customer needs?

Select ONE answer only:

  1. Price
  2. Interest rates
  3. Wages
  4. Tax
  5. Training

Explain ONE reason why a business would charge a higher price for a product or service.

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

The answer is 1 – This is a customer need, the rest are simply business needs or activities.

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Business Studies Multiple Choice Question – 19 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 would be the most effective in improving the reliability of market research data?

Select ONE answer only:

  1. Government statistics
  2. Leading questions
  3. Small sample size
  4. A market map
  5. A large sample size

Discuss why some businesses may choose a business location on the outskirts of a large city.

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

The answer is 5 – This is the most statistically relevant technique to improve reliability.

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Business Studies Multiple Choice Question – 18 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 primary market research?

Select ONE answer only:

  1. Internet research
  2. Market reports
  3. Government statistics
  4. Focus Groups
  5. Company financial statements

Explain ONE drawback of running a franchise.

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

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

The answer is 4 – This is an example of primary market research, the other 4 are examples of secondary market research.

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Business Studies Multiple Choice Question – 17 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 primary market research?

Select ONE answer only:

  1. Internet research
  2. Market reports
  3. Customer survey
  4. Government statistics
  5. Company financial statements

Define the term “limited liability”.

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

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

The answer is 3 – This is an example of primary market research, the other 4 are examples of secondary market research.

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

Business Studies Multiple Choice Question – 16 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 market segments?

Select ONE answer only:

  1. Customer service
  2. Convenience
  3. Demographics
  4. Focus group
  5. Taxation

State ONE drawback of running a private limited company.

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

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

The answer is 3 – This is an example of market segmentation, the other 4 are simply general business activities.

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