IGCSE Business (9)

Which of these products is designed to satisfy a need?

• Potato Chips

• Cricket Bat

• Bread

• Smartphone

Which of the folowing is a business stakeholder?

• Lawyer

• Tax Collector

• Customer

• Police Officer

Which of the following business activities is a service?

• House Construction

• Dental Treatment

• Coconut Farming

• Gold Mining

An example of a producer good is:

• Tractor

• Newspaper

• Package holiday

• Meal at a restaurant

Which of the following is a non financial business objective?

• Increase market share

• Independence and control

• Profit maximixation

• Survival

Which of the following is a financial business objective?

• Improve Customer Service

• Independence and control

• Sales growth

• Improve social responsibility

which of the following might cause business objectives to change over time?

• Technological Development

• A rise in price of shares

• Following the introduction of a new accounting system

• A change in weather patterns

Which of the following is likely to be an objective of a public sector organisation?

• Increase profit by 5% in next financial year?

• Survival

• Increase revenue by 20% over a three-year period.

• Improve the quality of customer service.