Tag: Business Studies

Which one of the following is NOT a benefit of being a sole trader?

Select ONE answer:

1. Keep all profits
2. Own boss
3. Pursue personal goals
4. Shared responsibility

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

A small business that sells baby clothes has done some market research using a range of 
information sources.

Which of the following would have been obtained from internal data?

Select ONE answer:

1. Articles in parenting magazines
2. Competitor websites
3. Government statistics on birth rates
4. Sales figures showing the shop’s best-selling products

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

One benefit to a hospital of encouraging staff development is…?

Select ONE answer:

1. increased skill shortages
2. improved patient care
3. lower morale of doctors and nurses
4. more medical staff can be employed

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

A well-known restaurant chain buys another well-known restaurant chain.

What is this an example of?

Select ONE answer:

1. A horizontal takeover
2. A vertical merger
3. Diversification
4. Innovation

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

Who is a director’s subordinate?

Select ONE answer:

1. A customer
2. A manager
3. A shareholder
4. A supplier

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