Business Studies Multiple Choice Question – 31 December 2018

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

Wagamama has lively open kitchens where chefs flip food in flaming woks. This is likely to be a source of:

Select ONE answer:

  1. competitive pricing
  2. promotion
  3. quality assurance
  4. quality control

 

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2:

  1. Competitive pricing – incorrect because flipping flaming woks would not have an impact on pricing decisions.
  2. Promotion – correct because flipping flaming woks makes the kitchens livelier, which, in turn, attracts customers.
  3. Quality assurance – incorrect because flipping flaming woks would not be an example of quality being checked at each stage of the production process.
  4. Quality control – incorrect because flipping flaming woks would not be an example of quality being checked at the end of the production process.

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Business Studies Multiple Choice Question – 30 December 2018

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

The figure below shows a diagram of the Boston Matrix.

 

Table 42

 

Which element of the Boston Matrix is represented by box Y?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2:

1 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 29 December 2018

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

The figure below shows a diagram of the Boston Matrix.

 

 

Table 41

Which element of the Boston Matrix is represented by box Y?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1:

1 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 28 December 2018

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

The figure below shows a diagram of the Boston Matrix.

 

Table 40

Which element of the Boston Matrix is represented by box X?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3:

1 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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

Business Studies Multiple Choice Question – 27 December 2018

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

The figure below shows a diagram of the Boston Matrix.
Table 39

Which element of the Boston Matrix is represented by box W?

Select ONE answer:

  1. Cash cow
  2. Dog
  3. Problem child/question mark
  4. Star

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

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

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4:

1 Cash cow – is incorrect because this is high market share and low market growth.
2 Dog – is incorrect because this is low market share and low market growth.
3 Problem child/question mark – is incorrect because this is high market growth and low market share.
4 Star – is correct because this is high market share and high market growth.

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Economics Multiple Choice Question – 26 December 2018

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

Scarcity is represented on the production possibilities frontier by …… ?

Select ONE answer:

  1. the fact that there are only two goods in the diagram.
  2. technological progress.
  3. the amount of the good on the horizontal axis forgone.
  4. the fact there are attainable and unattainable points.

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

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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Economics Multiple Choice Question – 25 December 2018

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

On the vertical axis, the production possibilities frontier shows ________ ; on the horizontal axis, the production possibilities frontier shows ________ ?

Select ONE answer:

  1. the quantity of a good; a weighted average of resources used to produce the good.
  2. the quantity of a good; the number of workers employed to produce the good.
  3. the quantity of a good; the price of the good.
  4. the quantity of one good; the quantity of another good.

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

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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