Business Studies Multiple Choice Question – 18 September 2017

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

Chris wants to set up a business fitting kitchens and looks in the Yellow Pages to see what other businesses offer similar services in the area?

Which ONE of the following is a type of primary market research?

Select ONE answer:

  1. Conducting a survey
  2. Reviewing the Yellow Pages
  3. Analysing past sales figures of other businesses
  4. Reading market reports
  5. Consulting local newspapers

What are the 3 main ways a business can conduct primary market research? Explain you answers:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1 – Primary research involves the collection of original primary data. It can be accomplished through various methods, including focus groups, questionnaires and telephone interviews in market research.

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Business Studies Multiple Choice Question – 17 September 2017

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

Chris wants to set up a business fitting kitchens and looks in the Yellow Pages to see what other businesses offer similar services in the area?

This is an example of what type of research?

Select ONE answer:

  1. Qualitative
  2. Primary
  3. Secondary
  4. Observation
  5. Review

What 3 other sources of research could Chris use to find out about other kitchen fitters in his area? Explain you answers:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

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

The answer is 3 – Secondary research (also known as desk research) involves the summary, review, collation and/or synthesis of existing sources of information and research such as Yellow Pages.

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Business Studies Multiple Choice Question – 16 September 2017

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

Justin is a professional DJ who travels to gigs with all his kit in a van.

Which TWO of the following is MOST LIKELY to be suppliers to his business?

Select TWO answers:

  1. A club renting his services
  2. A TV company writing an article about the business
  3. A local petrol garage
  4. The individuals who attend his gigs
  5. Record stores
  6. A local business who is sponsoring him to play at their supplier conference

 

What 3 other suppliers could Justin have to help support his business? Explain you answers:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3 & 4 – The most likely suppliers are the local petrol garage who sells him petrol to fill up his van with, and the record store who sells him vinyl records to play at his gigs.

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Business Studies Multiple Choice Question – 15 September 2017

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

A small business makes cakes for parties and weddings.

Which TWO of the following is most likely to be resources it uses directly in production?

Select TWO answers:

  1. Labour
  2. Taxes
  3. Television adverts
  4. Flour
  5. Airfreight
  6. Banking fees

What are the fixed costs for this cake making business?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1 & 4 – The resources it would use in producing the cakes for parties and weddings would be Labour (i.e. employees to make the cakes) and flour (i.e. one of the key ingredients to make a cake from). All the other choices are costs to a business but not directly involved in producing the cakes themselves.

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Business Studies Multiple Choice Question – 14 September 2017

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

What is the purpose of a business?

Select ONE answer:

  1. To give everyone a job
  2. To make big profits for its owners
  3. To produce goods and services
  4. To pay taxes to the government
  5. To pay big bonuses to the managers

What would be the aims and objectives for a business’s managers and employees?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2 – The primary purpose of a business is to maximise their profits for its owners or stakeholders

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