SGS Y10 Summary Test

A second hand car dealership offers all customers a one-year warranty on vehicles

purchased. This is an example of the business competing on:

• Location

• Price

• Quality

• Customer Service

Which of the following stakeholders are classed as the owners of a private limited

company?

• Stakeholders

• Managers

• Employees

• Shareholders

Last year, a local building firm, donated £1,000 to a community project. This is an example

of:

• A sales objective

• A social objective

• A market share objective

• A profit objective

Which of the following is a possible benefit to businesses of providing a safe working

environment?

• Productivity decreases

• Costs increase

• Efficiency decreases

• Motivation increases

An extract from a firm’s cash flow forecast for April is shown in the table above.

Based on this information, its closing balance for April is:

• £47,726

• £52,497

• £57,268

• £102,774

Which of the following best describes the aim of employment law? To allow employers to

use labour efficiently while preventing unfair treatment of:

• Customers

• Employees

• Suppliers

• Workers

The development of music streaming businesses, such as Spotify, have come about due to

changes in:

• Legislation

• Economic climate

• Technology

• The Government

Which of the following allows business owners to identify gaps in a market in relation to

rival businesses?

• Market mapping

• Market segmentation

• Market Share

• Marketing mix

Which of the following businesses is most likely to be concerned with being close to

competitors rather than customers?

• Newsagent

• Dog grooming parlour

• Estate agent

• Butcher

Which of the following is the most likely impact of sharply rising employment levels on a

business selling value, unbranded goods?

• Falling sales and rising profit

• Rising sales and falling profit

• Falling sales and falling profit

• Rising sales and rising profit