Month: January 2019

Business Studies Multiple Choice Question – 16 January 2019

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 change that could be made to the marketing mix of a small business?

Select ONE answer:

  1. Introducing new items for sale
  2. Employing additional marketing staff
  3. Conducting secondary market research
  4. Producing a marketing budget

 

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. Introducing new items for sale – is correct because product is part of the marketing mix.
  2. Employing additional marketing staff – is not correct because it is not part of the marketing mix.
  3. Conducting secondary market research – is not correct because it is not part of the marketing mix.
  4. Producing a marketing budget – is not correct because it is not part of the marketing mix.

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Business Studies Multiple Choice Question – 15 January 2019

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 change that could be made to the marketing mix of a small business?

Select ONE answer:

  1. Employing additional marketing staff
  2. Conducting secondary market research
  3. Producing a marketing budget
  4. Selling the product online

 

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. Employing additional marketing staff – is not correct because it is not part of the marketing mix.
  2. Conducting secondary market research – is not correct because it is not part of the marketing mix.
  3. Producing a marketing budget – is not correct because it is not part of the marketing mix.
  4. Selling the product online – is correct because place is part of the marketing mix.

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

Business Studies Multiple Choice Question – 14 January 2019

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 change that could be made to the marketing mix of a small business?

Select ONE answer:

  1. Employing additional marketing staff
  2. Conducting secondary market research
  3. Offering ‘buy one get one free’
  4. Producing a marketing budget

 

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. Employing additional marketing staff – is not correct because it is not part of the marketing mix.
  2. Conducting secondary market research – is not correct because it is not part of the marketing mix.
  3. Offering ‘buy one get one free’– is correct because promotion is part of the marketing mix.
  4. Producing a marketing budget – is not correct because it is not part of the marketing mix.

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

Business Studies Multiple Choice Question – 13 January 2019

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

Bob set up Bob’s Musical Fun (BMF). BMF is a high street shop that sells only rare vinyl records. BMF also takes bookings for a number of local bands. The customer asks BMF for a band that plays a particular type of music and BMF finds a band that suits the request. Bob needs a loan to expand his business. As BMF is an established business, the bank agreed to a loan with an interest rate of 6.0%.

Which one of the following would be a benefit for BMF if it delayed paying its suppliers?

Select ONE answer:

  1. Increased profit
  2. Improved cash flow
  3. Reduced interest payments
  4. Improved relationship with suppliers

 

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. Increased profit – is not correct because profit would not be greater if you delayed paying suppliers.
  2. Improved cash flow – is correct because cash outflows are decreased.
  3. Reduced interest payments – is not correct because interest rates do not affect delayed paying to suppliers.
  4. Improved relationship with suppliers – is not correct because delaying payment would have the opposite effect on suppliers.

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

Business Studies Multiple Choice Question – 12 January 2019

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

Bob set up Bob’s Musical Fun (BMF). BMF is a high street shop that sells only rare vinyl records. BMF also takes bookings for a number of local bands. The customer asks BMF for a band that plays a particular type of music and BMF finds a band that suits the request. Bob needs a loan to expand his business. As BMF is an established business, the bank agreed to a loan with an interest rate of 6.0%.

Which one of the following would be a non-financial objective for Bob?

Select ONE answer:

  1. Generating wealth
  2. Personal satisfaction
  3. Maximising profit
  4. Regular income

 

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. Generating wealth – is not correct because generating wealth is a financial objective.
  2. Personal satisfaction – is correct because it is a non-financial objective.
  3. Maximising profit – is not correct because maximisation of profit is a financial objective.
  4. Regular income – is not correct because income is financial.

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