Tag: GCSE

Alex moved from Belgium with his family in 2014 to live in England. In 2016 he set up as a sole trader making unique ice creams, which he only sold to local retailers. His business soon prospered and he moved production to a small factory. Local retailers liked his ice cream as it was different. He realised that this could be the opportunity he was looking for to develop his business further.

Which ONE of the following might help Alex to increase his sales volume?

Select ONE answer:

1. Employ fewer production staff
2. Reduce net cash flow
3. Failure of a competitor
4. Increase the price of all of his products

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

Alex moved from Belgium with his family in 2014 to live in England. In 2016 he set up as a sole trader making unique ice creams, which he only sold to local retailers. His business soon prospered and he moved production to a small factory. Local retailers liked his ice cream as it was different. He realised that this could be the opportunity he was looking for to develop his business further.

Which ONE of the following might help Alex to increase his sales volume?

Select ONE answer:

1. Employ fewer production staff
2. Increase spending on marketing
3. Reduce net cash flow
4. Increase the price of all of his products

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

Economic activity is increasing. Lucy, the owner of a printing business, wants to take advantage of this increase.

Which ONE action should she take?

Select ONE answer:

1. Change the name of his business
2. Reduce orders to suppliers
3. Move to smaller premises
4. Recruit more staff

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

Economic activity is increasing. Lucy, the owner of a printing business, wants to take advantage of this increase.

Which ONE action should she take?

Select ONE answer:

1. Change the name of his business
2. Reduce orders to suppliers
3. Move to smaller premises
4. Increase product range

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

Lucy runs a coffee shop. Recently sales have been falling and she needs to motivate her staff.

Which ONE of the following is likely to motivate her staff?

Select ONE answer:

1. Allowing staff to work flexible hours
2. Complaining about the attitude of the staff
3. Introducing a customer loyalty scheme
4. Working longer hours without extra pay

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