National 5 Business Management Exam Revision 2022

Front

A business that has limited liability:

• Sole trader
• Partnership
• Private Limited Company

Back

Private Limited Company

Front

A disadvantage of a partnership business:

Back

Disagreements may arise between partners

Front

A business in this sector of the economy is funded through taxpayers money and ran by the government.

Back

Public

Front

A business in this sector of the economy is funded through donations and is run by a board of trustees.

Back

Third

Front

A business in this sector of the economy is financed through owners own savings or bank loans, and has the main aim of making a profit.

Back

Private

Front

Which external factor is concerned with a boom or bust period in the economy? Options: Political, Environmental, Economical, Technological

Back

Economical

Front

Which external factor is concerned with changing demographics, e.g. an increase in population? Options: Technological, Social, Political, Competitive

Back

Social

Front

A factor that may influence where a business _______ is the rental charges in that area.

Back

locates

Front

A factor that may influence a business's ______ is the quality of products they are selling.

Back

prices

Front

This method of promotion is one of the more expensive methods of advertising, it uses graphics and demonstrations to sell the product.

Back

TV Advertising