AQA GCSE Business Studies - Chapter 1 revision

Which of the following is an example of a social enterprise?

• Advertising agency
• Computer manufacturer
• Restaurant training young offenders
• Caravan site

Which of the following is not an advantage of buying a franchise?

• Make more profit
• Access to a successful business idea
• Lower costs
• Have total control of a business

Which of the following is a benefit of writing a business plan?

• It takes time
• You use a word processor
• You choose what you want to do
• You identify risks

What benefit does limited liability give an entrepreneur?

• More sales
• Access to greater market information
• Reduced number of competitors
• Protection of personal assets

Business location would be important to a bakery because of which of the following?

• Proximity to customers
• Access to local suppliers
• Access to transport infrastructure
• Technology

Which of these is not a reason for starting a business?

• To have more time to yourself
• To make a living from something you are interested in doing
• To make money
• To be in control of your own future