Category: Business Studies

What is a net cash flow?

Select ONE answer:

1. The difference between cash inflows and cash outflows over a period of time.
2. The total revenue received from sales over a period of time.
3. Involves taking risks, showing initiative and a willingness to undertake new ventures.
4. A document outlining the responsibilities and duties expected to be carried out by someone.

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

What is a unique trading name?

Select ONE answer:

1. Enables customers to recognise a business in its market place.
2. The total revenue received from sales over a period of time.
3. Involves taking risks, showing initiative and a willingness to undertake new ventures.
4. A document outlining the responsibilities and duties expected to be carried out by someone.

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

What is a person specification?

Select ONE answer:

1. A document outlining the skills and qualities needed by a job applicant.
2. The total revenue received from sales over a period of time.
3. Involves taking risks, showing initiative and a willingness to undertake new ventures.
4. A document outlining the responsibilities and duties expected to be carried out by someone.

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

What is a market map?

Select ONE answer:

1. A visual means of showing where a product is positioned in a market.
2. The total revenue received from sales over a period of time.
3. Involves taking risks, showing initiative and a willingness to undertake new ventures.
4. A document outlining the responsibilities and duties expected to be carried out by someone.

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

What is a market segment?

Select ONE answer:

1. A group of customers with similar characteristics.
2. The total revenue received from sales over a period of time.
3. Involves taking risks, showing initiative and a willingness to undertake new ventures.
4. A document outlining the responsibilities and duties expected to be carried out by someone.

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