Unit 4 Busines studies igcse 0450 Oakley College

Choose a factor that determines quality

• Good proudct

• calibre of materials used

• Price of the product

• Speed of manufacturing the product

Which of the following is true about costs

• Variable costs never change throughout a company's life

• Variable costs only change when a company grows

• Fixed costs can increase as the company gows

• Fixed costs never change throughout a company's life

Whats is lean production

• Reducing products

• technique used by retailers to reduce waste

• technique used by businesses to reduce waste

Kaizen is a

• Japanese term

• Chinese term

• American term

EFTPOS

• Electronic Fundational Transfer at a Place of Sale

• electronic funds transfer at point of sale

EPOS

• Electrostatic point of sellings

• electric point of sale

• electronic point of sale

• electronic point of sales

Fixed costs are

• Costs which will never vary

• Costs that will never vary depending on number of items sold and proudced

• Costs which will vary depending on the amount sold and the manufactured

• Costs which are fixed

Breackeven point is

• Total costs = Sales revenue

• The first one

Variable costs are

• costs that are directly proportional with

  the number of items sold/produced.

• costs that are indirectly proportional with

  the number of items sold/produced.

Which of these factors affects the location of a business in the manufacturing industry

• availability of labour

• Rent

• Water