Business Studies Multiple Choice Question – 7 January 2020

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

Happy Covers was started by Lucy in 2017. The business hires out chair covers and ribbons for weddings, school proms and other events.

Which ONE of the following are sources of added value for Lucy’s business?

 

Select ONE answer:

  1. Meeting legal requirements
  2. Higher raw material costs
  3. Reducing prices
  4. Higher raw material 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 2

 

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