When a person buys the rights to a business

When a person buys from a business

When a person owns a new business

What is a shareholder?

A person who invests in a business

A person who takes interest in a business

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

Have total control of a business

Access to a successful business idea

What benefit does limited liability give an entrepreneur?

Access to greater market information

Name the four elements of the Marketing Mix?

Product, price, promotion, place

Product, price, promotion, people

Product, price, promotion, packaging

Product, price, postage, people

What is a consumer? - best answer

A consumer is someone who buys goods and services for their own use.

A consumer is someone who buys goods for their own use.

A consumer is someone whos sell goods for profit.

A consumer runs a business as a CEO.

Sally wants to start a new juice bar, but finds that there are many other juice bars in the area already. Which of the following shows her business environment accurately?

Increased competition, harder ease of entry

Increased competition, easier ease of entry

Decreased competition, easier ease of entry

Decreased competition, harder ease of entry

Which of the following is not an indication fo the maturity stage of the produce life cycle?

The threat of future business stagnation

The need to maintain focus and direction

Levelling off of growth to a more steady level

What is the business culture?

The attitude that stakeholders such as management bring to the business

A notion that concentrates its main economic output upon businesses

How willing and motivated employees are to work

The process by which a creditor studies a business to see the chance a proposed strategy may fail before it gives financial aid

What does SWOT stand for?

Strength, Weakness, Opportunities, Threats

Strength, Weakness, Others, Time

Strength, Weakness, Opportunity, Time

Strengths, Worries, Others,Time

Name the four elements of the Marketing Mix?

Product, price, promotion, place

Product, price, promotion, people

Product, price, promotion, packaging

Product, price, postage, people

What is a market segment?

A part of a market e.g. age, gender

Part of a person e.g. age, gender

Smaller part of a larger market e.g. shop

What is meant by a multinational business?

A business that operates in more than one country

A big business that owns many other businesses

What is unemployment?

When a person is available to work, is looking for work, but has no work

The figure the government uses to compare people out of work

When someone doesn't have a job

What is Primary Research?

Primary Research involves gathering new data that has not been collected before. For example, surveys using questionnaires or interviews with groups of people in a focus group.

Primary Research involves gathering existing data that has already been produced. For example, researching newspapers

Primary Research involves gathering existing data that has already been produced. For example, researching the internet

Primary Research involves gathering existing data that has already been produced. For example, researching company reports.

What is Secondary Research?

involves gathering existing data that has already been produced. For example, researching the internet, newspapers and company reports.

involves gathering new data that has not been collected before. For example, surveys using questionnaires or interviews with groups of people in a focus group.

What is a "Sample Group"

A small group selected to to take part in a survey

A group of people used to ask people to complete a survey

A group of people within a target audience

IGCSE Business Studies

11th Grade

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11th Grade

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Practice Problem

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CCSS

RI.11-12.5, RI.9-10.7, RI.11-12.9

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100 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what is unlimited liability?

Personal possessions CAN be taken to repay a debt

Personal possessions CANNOT be taken to repay a debt

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a sole trader?

One person who works for a business

One person who sues a business

One person who leaves a business

One person who owns and runs a business

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what does PLC stand for?

Public Limited Company

Private Limited Company

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens in the primary sector?

Raw materials are sourced

Products are made

Products/services provided to customers

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens in the secondary sector?

Raw materials are sourced

Products are made

Products/services provided to customers

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens in the tertiary sector?

Raw materials are sourced

Products are made

Products/services provided to customers

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What sector would a SCHOOL be part of?

Primary

Secondary

Tertiary

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IGCSE Business Studies

100 questions

what is unlimited liability?

What is a sole trader?

what does PLC stand for?

What happens in the primary sector?

What happens in the secondary sector?

What happens in the tertiary sector?

What sector would a SCHOOL be part of?

Which sector would a FACTORY be part of?

What is a franchise?

What is a shareholder?

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