Business Studies Multiple Choice Question – 27 September 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 factors would be important for a sole trader when starting up a hairdressing business?

 

Select ONE answer:

  1. Ability to raise share capital
  2. Able to produce products cheaply
  3. The exchange rate
  4. The legal aspects

 

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 – the other answers would concern or be important for a sole trading hairdressing start-up

 

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Business Studies Multiple Choice Question – 18 October 2019

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

A large number of small businesses fail within the first two years.

Identify ONE reason why so many small businesses fail in the first two years.

 

Select ONE answer:

  1. Product not customer orientated
  2. Having a detailed Business Plan
  3. Good repeat business
  4. Revenue higher than costs

 

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 – the other answers are not reasons why a small business would fail in the first two years

 

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