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Year 10 Business

Authored by Sandra Wright

Business

10th Grade

Used 69+ times

Year 10 Business
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SWOT stand for?

Symantec, Windows, Operating System, Technology

Strengths, Weak Points, Opportunities, Threats

Strengths, Weakness, Opportunities, Threats

Strengths, Weakness, Overviews, Threats

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Business Plan?

A carefully worded statement of business goals.

A short document or section of a document produced for business purposes.

A study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.

Assesses major external factors that influence a business' operation in order to become more competitive in the market.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SCAMPER is a business tool used for?

Deciding of the name of a business.

A way to close a business down.

A business tool used to analyse competitors.

Is designed to help you find new ideas from within those products and services that you already offer.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a repositioning strategy for a business?

Rebranding by changing logo/trademarks.

Changing their staff.

Changing their hours of trade.

Increasing staff rates of pay.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Psychological pricing is when

Where the price of a product is initially set low to rapidly reach a wide fraction of the market and initiate word of mouth.

Prices of psychology services.

Refers to selling products at a price just below a whole number, e.g, $7.99 instead of $8.00.

Is a pricing strategy in which the selling price is determined by adding a specific dollar amount markup to a product's unit cost.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The stages in the business life cycle are:

Seed, growth, maturity

Start-up, growth, maturity, post-maturity

Seed, growth, post-maturity

Seed, start-up, growth, maturity, decline/post-maturity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Typical section of a business plan are:

Executive summary, operations plan, marketing plan, financial plan, human resources plan

Executive summary, operations plan, staff roster, marketing plan, financial plan

Executive summary, staffing plan, marketing plan, financial plan

operations, plan, marketing plan, financial plan, human resources plan

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