Front

Characteristic of a sole trader business ownership type?

Back

Unlimited liability

Front

Which element of the marketing mix is concerned with how a product is distributed to customers?

Back

Place

Front

Which of the following is an example of a business acting ethically?

• Paying employees below minimum wage
• Using child labour
• Reducing carbon emissions
• Avoiding taxes

Back

Reducing carbon emissions

Front

What is primary market research?

Back

Research that involves collecting new data

Front

How is revenue calculated?

Back

Price per unit multiplied by quantity sold

Front

What is the purpose of a cash flow forecast?

Back

To predict future cash inflows and outflows

Front

Which formula is used to calculate the break-even point in units?

Back

Front

What is a key component of a business plan?

Back

Marketing strategy

Front

Who are considered stakeholders in a business?

Back

Anyone affected by the business

Front

Which of the following is a consumer protection law in the UK? The Companies Act, The Consumer Rights Act, The Employment Rights Act, The Data Protection Act

Back

The Consumer Rights Act