Business Studies Multiple Choice Question – 23 January 2020

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

Whilst at Art College, Lucy made Christmas cards for friends and relatives.  She wants to start a full-time business but needs to decide between setting up as a sole trader or buying into a franchise.  The market for Christmas cards is very competitive but Lucy produces a card that is designed and made to the customer’s exact requirements.

Which ONE of the following could be an advantage to Lucy if she brought into a franchise?

 

Select ONE answer:

  1. A franchisee makes all their own decisions
  2. A franchisee pays lower rates of VAT
  3. The franchisor provides continued help and support
  4. The franchisor pays the franchisee to set up in business

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

 

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Business Studies Multiple Choice Question – 22 January 2020

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

Whilst at Art College, Lucy made Christmas cards for friends and relatives.  She wants to start a full-time business but needs to decide between setting up as a sole trader or buying into a franchise.  The market for Christmas cards is very competitive but Lucy produces a card that is designed and made to the customer’s exact requirements.

Which ONE of the following could be an advantage to Lucy if she brought into a franchise?

 

Select ONE answer:

  1. A franchisee makes all their own decisions
  2. A franchisee pays lower rates of VAT
  3. The franchisor provides continued help and support
  4. The franchisor pays the franchisee to set up in business

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

 

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

Business Studies Multiple Choice Question – 21 January 2020

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

Whilst at Art College, Lucy made Christmas cards for friends and relatives.  She wants to start a full-time business but needs to decide between setting up as a sole trader or buying into a franchise.  The market for Christmas cards is very competitive but Lucy produces a card that is designed and made to the customer’s exact requirements.

Which ONE of the following could be an advantage to Lucy if she brought into a franchise?

 

Select ONE answer:

  1. A franchisee makes all their own decisions
  2. The franchisor provides training to the franchisee
  3. A franchisee pays lower rates of VAT
  4. The franchisor pays the franchisee to set up in business

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2

 

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

Business Studies Multiple Choice Question – 20 January 2020

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

Whilst at Art College, Lucy made Christmas cards for friends and relatives.  She wants to start a full-time business but needs to decide between setting up as a sole trader or buying into a franchise.  The market for Christmas cards is very competitive but Lucy produces a card that is designed and made to the customer’s exact requirements.

Which ONE of the following is the most likely to give Lucy a competitive advantage?

 

Select ONE answer:

  1. Developing a strong brand image
  2. Having unlimited liability
  3. Operating in a competitive market
  4. Identifying different market segments

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

 

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

Business Studies Multiple Choice Question – 19 January 2020

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

Whilst at Art College, Lucy made Christmas cards for friends and relatives.  She wants to start a full-time business but needs to decide between setting up as a sole trader or buying into a franchise.  The market for Christmas cards is very competitive but Lucy produces a card that is designed and made to the customer’s exact requirements.

Which ONE of the following is the most likely to give Lucy a competitive advantage?

 

Select ONE answer:

  1. Having unlimited liability
  2. Operating in a competitive market
  3. Identifying different market segments
  4. Providing a unique product

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

 

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

Business Studies Multiple Choice Question – 18 January 2020

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

Lucy has a business that designs large fancy new gardens but has sadly recently experienced a fall in sales.

Lucy recorded the following transactions between January and June 2019.

  • Money paid to Lucy by her customers £25,000
  • Money owed to Lucy by her customers £50,000
  • Cash outflow £150,000

Which ONE of the following is the most outcome from the above information?

 

Select ONE answer:

  1. Growth
  2. Franchise
  3. Insolvency
  4. Expansion

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 3

 

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

Business Studies Multiple Choice Question – 17 January 2020

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

Lucy has a business that designs large fancy new gardens but has sadly recently experienced a fall in sales.

Which ONE of the following would explain this fall sales of Lucy’s business?

 

Select ONE answer:

  1. Cost of raw materials has fallen
  2. Gardens are smaller and there is less space for fancy new gardens
  3. The Bank of England interest rates have remained the same
  4. Lucy’s new improved staff training programme

 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2

 

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