Business Studies Multiple Choice Question – 30 October 2017

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

Jeremy runs Nolans, a car service centre in Leeds In the last 3 years his profit has fallen from £98,000 to £12,000. He is thinking of doing some primary market research to find out possible reasons for this. His aim is to collect some qualitative data from customers.

Which ONE of the following is an example of qualitative data for Jeremy?

Select ONE answer:

  1. The number of car owner within a 5 mile radius of Nolans’s premises.
  2. Information about the views of existing customers
  3. The percentage decline in market share of his business in recent years
  4. The current value of the market share of his business in the City of Leeds.
  5. The number of car service centres in Yorkshire

Why would knowing the number of car owners within a specific radius of a business’s location be important information for a business to have?
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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 2 – The views of existing customers would provide qualitative data (opinions) not quantitative data (facts and numbers) as the other 4 options would do.

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Business Studies Multiple Choice Question – 29 October 2017

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

Jeremy runs Nolans, a car service centre in Leeds In the last 3 years his profit has fallen from £98,000 to £12,000. He is thinking of doing some primary market research to find out possible reasons for this. His aim is to collect some qualitative data from customers.

Which ONE of the following is NOT an example of primary market research for Jeremy?

Select ONE answer:

  1. Conducting a telephone survey of past customers
  2. Asking existing customers to complete a feedback questionnaire
  3. Setting up a customer suggestion box in the reception area
  4. Searching the internet to find out the prices charged by competitors
  5. Inviting customers to watch their cars being repaired and watching their reaction to the work

Why is surveying past customers an important way to generate qualitative data for a business?
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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 4 – Searching the internet to find out the prices charged by competitors is a forms of secondary research

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Business Studies Multiple Choice Question – 28 October 2017

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

Which ONE of the following is MOST LIKELY NOT to be a customer need for someone buying a watch?

Select ONE answer:

  1. Good product design
  2. A fair price
  3. Good product quality
  4. Good customer service
  5. Good cash flow

When one of these attributes- product design, price, product quality and customer service does a customer for an iPhone consider to be the most important and why?
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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 5 – Good cash flow is a need of the supplier not necessarily that of a customer buying a watch.

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Business Studies Multiple Choice Question – 27 October 2017

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

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

Select ONE answer:

  1. Government statistics
  2. Newspaper articles
  3. Survey of customers
  4. Internet research
  5. Analysing the financial statements of competitors

What other ways could a company conduct primary research?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 3 – The other options are forms of secondary research

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Business Studies Multiple Choice Question – 26 October 2017

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

Which ONE of the following is MOST LIKELY to give a researcher qualitative data?

Select ONE answer:

  1. The meeting of a focus group
  2. Researching names of businesses in an area from a telephone directory
  3. Researching the products made by competitors by looking at internet sites
  4. Measuring the number of shoppers who visit a supermarket per hour during one week
  5. Analysing government statistics

What other ways part from focus groups could a researcher obtain qualitative data for a business looking to introduce a new product into the market?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1 – A focus group would provide opinions about the topic being researched which is a qualitative outcome. 4 would produce quantitative data, whilst the other choices are forms of secondary research.

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Business Studies Multiple Choice Question – 25 October 2017

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

Which ONE of the following is MOST LIKELY to be a supplier to a small business making costumes for parties?

Select ONE answer:

  1. A clown who entertains children at parties
  2. A manufacturer of buttons
  3. A taxi that takes people to parties
  4. People who buy costumes
  5. A car manufacturer

What three other relevant suppliers (and why) might supply this business if it mainly produces costumes for parties?
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This is multiple choice question is suitable for Business Studies KS4 classes.

The answer is 2 – A manufacturer of buttons to sew on the costumes they make for parties. 4 is their customer, whilst 1 & 2 are complimentary businesses and 5 is just another business type irrelevant to this particular small business

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Business Studies Multiple Choice Question – 24 October 2017

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

Which of the following subjects might Jenny and Tasmin have MOST likely considered when originally setting up their marketing agency Creative+?

Select ONE answer:

  1. How the business will be financed
  2. The demand for oil in the economy
  3. The level of government spending in the economy
  4. What legal aspects might impact the recycling of printer toner cartridges
  5. Global weather patterns

What three other relevant subjects (and why) should Jenny and Tasmin consider when setting up their business?
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 1 – Whilst these are all questions businesses might consider, how a business will be financed is the most pertinent question facing a small start-up.

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