Business Studies Multiple Choice Question – 15 June 2018

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 market segments?

Select ONE answer only:

  1. Location
  2. Customer service
  3. Convenience
  4. Focus group
  5. Taxation

Explain ONE reason why a business owner may want to set up a partnership.

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – This is an example of market segmentation, the other 4 are simply general business activities.

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Business Studies Multiple Choice Question – 14 June 2018

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 market segments?

Select ONE answer only:

  1. Customer service
  2. Convenience
  3. Focus group
  4. Taxation
  5. Income

Explain ONE reason why a business might use a bank overdraft.

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – This is an example of market segmentation, the other 4 are simply general business activities.

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Business Studies Multiple Choice Question – 13 June 2018

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 quantitative market research?

Select ONE answer only:

  1. Consumer opinions on the taste of a new product
  2. Figures showing the growth rate of a market
  3. Verbal feedback from retailers on the packaging of a product
  4. A magazine article describing the launch of a new brand
  5. Asking suppliers for feedback on potential new products.

Discuss how a business could improve its cash-flow

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 2 – This is an example of quantitative market research (it is using facts), the other 4 are simply opinions.

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Business Studies Multiple Choice Question – 12 June 2018

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

Which ONE of the following are examples of resources organised by an entrepreneur?

Select ONE answer only:

  1. Competitors
  2. Weather
  3. Buildings
  4. Taxation
  5. Non-tariff barriers

Explain ONE limitation for a business of using a break-even chart

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 3 – This is a resource that can be organised by an entrepreneur, the rest are not capable of being organised in this way.

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Business Studies Multiple Choice Question – 11 June 2018

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

Which ONE of the following are examples of resources organised by an entrepreneur?

Select ONE answer only:

  1. Competitors
  2. Weather
  3. Taxation
  4. Non-tariff barriers
  5. Equipment

Define the term “market-share”

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – This is a resource that can be organised by an entrepreneur, the rest are not capable of being organised in this way.

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

Business Studies Multiple Choice Question – 10 June 2018

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

Which ONE of the following are examples of resources organised by an entrepreneur?

Select ONE answer only:

  1. People
  2. Competitors
  3. Weather
  4. Taxation
  5. Non-tariff barriers

Give one example of a non-financial objective

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 1 – This is a resource that can be organised by an entrepreneur, the rest are not capable of being organised in this way.

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

Business Studies Multiple Choice Question – 9 June 2018

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

Which ONE of the following are possible rewards for business activity?

Select ONE answer only:

  1. Lack of security
  2. Financial loss
  3. Fear of failure
  4. Independence
  5. Working 24/7

State ONE possible method a business could use to differentiate its product?

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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – This is a reward, the rest are not rewards but possible “penalties” of engaging in business activity.

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