Tag: KS5

A piecework system means?

Select ONE answer:

1. Employees receive a share of the firm’s profits
2. Employees are paid according to how much they produce
3. Employees receive dividends
4. Employees receive fringe benefits
5. Employees have shares in the business

Explain one disadvantage of piecework:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2 – All the answers are examples of financial motivation but 2 is the answer to the question

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Entrusting a subordinate with a task is called?

Select ONE answer:

1. Decentralisation
2. Delegation
3. Deforestation
4. Delayering
5. Defeatism

What is meant by decentralisation?:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 2 – Delegation.  Decentralisation and Delayering are also part of the Organsational Structures topic but are not the answer to the question posed.

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Which of the following is NOT an approach of promotion?

Select ONE answer:

1. Advertising
2. Sales promotion
3. Public relations
4. Personal selling
5. Sales digestion

What is and give an example of above-the-line promotion:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 5 – Sales digestion is not part of the Promotional Mix.

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Which of the following is NOT an approach to pricing?

Select ONE answer:

1. Price discrimination
2. Price skimming
3. Penetration pricing
4. Price renumeration
5. Price leadership

Explain and give an example of what is meant by price skimming:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4 – Price renumeration is not a known pricing strategy

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A shop buys products at £10 and adds on a 20% margin. What price will it sell these goods for?

Select ONE answer:

1. £10
2. £8
3. £12
4. £20
5. £14

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

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

The answer is 3 – £10 * 1.2 = £12

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