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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Business Studies Multiple Choice Question – 13 September 2017

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

Asif trained as an artist at college. His business paints designs on cars and motorbikes from a workshop. Which TWO of the following business activities would involve him dealing directly with suppliers?

Select TWO answers:

  1. Ringing a car dealer to say a design is ready
  2. Paying business rates to the local authority by direct debit
  3. Ordering paint for the designs
  4. Talking to a bike owner about a new design
  5. Taking delivery of leaflets to advertise the paint shop
  6. Receiving payment for a design

Name 5 other suppliers that Asif might deal with, and explain what they would supply him:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3 & 5 – Ordering paints and taking deliveries of advertising leaflets would require Asif to talk to the dealers to order what he wants from them and arranging when he is in so they can deliver to him.

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Business Studies Multiple Choice Question – 12 September 2017

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

The two axes of the product life cycle are?

Select ONE answer:

  1. Time and sales
  2. Time and unit costs
  3. Unit costs and price
  4. Price and sales
  5. Product and prices

How can sales be measured:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 1 – All graphs have an x-axis and a y-axis. The point (0,0) is called the origin. The horizontal axis is the x-axis which is TIME. The vertical axis is the y-axis which is SALES.

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Business Studies Multiple Choice Question – 11 September 2017

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

The stages of the product life cycle, in order, are?

Select ONE answer:

  1. Maturity, saturation, growth, introduction
  2. Introduction, growth, maturity, decline
  3. Decline, saturation, development, growth
  4. Introduction, growth, decline, maturity
  5. Introduction, decline, maturity, saturation

Give an example of a real-life product (a) in the introduction phase and (b) in the maturity phase of the product life cycle:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 2 – There are four stages in the product life cycle: introduction, growth, maturity, and decline.

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Business Studies Multiple Choice Question – 10 September 2017

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

A marketing strategy is?

 

Select ONE answer:

  1. A marketing target
  2. A long-run marketing plan
  3. A marketing goal
  4. A short-term plan

A corporate mission statement

Give an example of a marketing strategy:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 2 – A Start up or a company’s strategy combines all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the product mix in order to achieve the maximum profit and sustain the business. The marketing strategy is the foundation of a marketing plan.

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Business Studies Multiple Choice Question – 9 September 2017

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

With reference to the diagram, what are the sales of Brand A?

Untitled1

 

Select ONE answer:

  1. £90M
  2. £180M
  3. £100M
  4. £60M
  5. £6M

Show your workings:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 1 – Brand A has 25% of the total sales of the market. Total sales of the market are £360M. 25% of £360M = £90M

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