Business Studies Multiple Choice Question – 3 June 2019

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

LucyArts Ltd is an art shop in Stafford. Every day Lucy, the owner, displays drawings in front of her shop.

Which one of the following is her reasons for doing this?

Select ONE answer:

  1. Increase variable costs
  2. Differentiate her business
  3. Improve the motivation of her workers
  4. Attract venture capital

 

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. it may increase her variable cost by adding extra drawings but not guaranteed.
  2. Correct – It does make her business seem different from other businesses.
  3. it has no effect on the motivation of her workers – it could demotivate they have more to look after.
  4. no reason for attracting venture capitalists.

 

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