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

Which of the following is NOT a benefit of being a sole trader?

Working long hours, no holidays

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.

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 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

A named product that is seen as different to other products

A combination of letters and images

The decision to drop prices and vary the products sold at Kofi’s Koffees was made after a new café opened up across the road. What is the most likely reason for this decision?

A change to the competitive situation

A change in the geographic situation

A change in technology brought by the new café

A change to the approach by management

IGCSE Business Studies

11th Grade

•

42 Qs

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IGCSE Business Studies

Quiz

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Business

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11th Grade

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Practice Problem

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Medium

Economics Teacher

Used 3K+ times

FREE Resource

42 questions

Show all answers

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

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

1 min • 1 pt

What happens in the tertiary sector?

Raw materials are sourced

Products are made

Services provided to customers

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What sector would a SCHOOL be part of?

Primary

Secondary

Tertiary

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which sector would a CAR FACTORY be part of?

Primary

Secondary

Tertiary

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IGCSE Business Studies

42 questions

what is unlimited liability?

What is a sole trader?

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 CAR FACTORY be part of?

What is a franchise?

What is a shareholder?

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

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