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Edexcel GCSE Business Year 11
Quiz by Neil McNair
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51 questions
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- Q1What is the purpose of a break-even analysis in business?To eliminate competition from the marketTo predict future market trendsTo determine the point at which total revenue equals total costsTo maximize profits30s
- Q2What is the purpose of market research in a business?To increase production costsTo gather data and information about customers, competitors, and market trendsTo decrease customer satisfactionTo ignore customer feedback30s
- Q3What is a sole trader in the context of business?A business owned and operated by one individualA corporation with multiple shareholdersA non-profit organization run by volunteersA partnership between two companies30s
- Q4What is the function of a business plan?To track daily sales and expensesTo outline the goals, strategies, and financial projections of a businessTo hire new employeesTo expand operations globally30s
- Q5What are the 4Ps of marketing?Profit, Production, People, PackagingProduct, Price, Place, PromotionPlacement, Pricing, Packaging, Public imagePayment, Personnel, Production, Publicity30s
- Q6What is cash flow in a business context?The amount of debt a business hasThe movement of money into and out of a businessThe number of employees in a companyThe location of a business' headquarters30s
- Q7What is the purpose of a balance sheet in a business?To assess market competitionTo determine customer satisfaction levelsTo project future sales revenueTo show the financial position of a business at a specific point in time30s
- Q8What is meant by economies of scale in business?The marketing strategies used to promote a new productThe cost advantages that a business gains as its production levels increaseThe profit margin made on each unit sold by a businessThe total revenue generated by a business in a specific period30s
- Q9What is the role of human resources in a business?To handle financial transactionsTo oversee marketing campaignsTo design product packagingTo manage the recruitment, training, and development of employees30s
- Q10In the context of business, what does the abbreviation 'CSR' stand for?Company Sales RevenueCustomer Satisfaction RateCost Saving RatioCorporate Social Responsibility30s
- Q11What is meant by the term 'e-commerce' in the field of business?Easy CommunicationElectronic CommerceEffective CompetitionEconomic Conditions30s
- Q12What does the term 'ROI' stand for in the context of business?Research and InnovationRevenue of IncomeReturn on InvestmentRisk of Inflation30s
- Q13What is the purpose of a cash flow forecast in business?To advertise new productsTo conduct employee trainingTo analyze market trendsTo predict the inflows and outflows of cash over a specific period30s
- Q14What is the concept of 'economies of scale' in business?Marketing strategies to increase revenueCost advantages that a business gains as it increases in size and outputEmployee training programsCustomer loyalty programs30s
- Q15What is the function of a profit and loss account in business?To summarize the revenues, costs, and expenses incurred by a business over a specific periodTo manage inventory levelsTo calculate employee salariesTo provide customer service30s