WJEC Retail Business

WJEC Retail Business

7th - 10th Grade

15 Qs

quiz-placeholder

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WJEC Retail Business

WJEC Retail Business

Assessment

Quiz

Business

7th - 10th Grade

Hard

Created by

Adrian Darrell

Used 53+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main business objectives for a retail business?

• 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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