What are the main business objectives for a retail business?
WJEC Retail Business

Quiz
•
Business
•
7th - 10th Grade
•
Hard
Adrian Darrell
Used 53+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
• Business
• Financial
• Growth
• Retail specific
• Business
• Financial
• Social
• Retail specific
• Increased profit
• Financial
• Social
• Retail specific
• Business
• Volunteering
• Social
• Retail specific
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Many retail businesses fail within 2 years of being set up . (True or False)
False
True
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To survive a business has to at least .......................
Make a profit
Break even
Make a loss
Survive
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During times of economic recession (when sales can be ..................)
Low
High
Good
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nearly all businesses started as small businesses - usually as .................... or ............
sole trader
partnership
PLC or LID
sole traders or partnerships
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an objective?
A short term goal
A long term goal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sole traders first objective would be...
Growth
Survival
Profit maximisation
Sales maximisation
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