Year 12 recap (Edexcel Business)

What is the individual who buys a product called?

• Customer
• Consumer
• Supplier

Which of the following does every business do?

• Make a profit
• Produce goods and services
• Provide jobs for everyone

What do you call an individual who sets up their own business?

• An enterprise
• An entrepreneur
• A stakeholder

What helps to create brand identity?

• Having multiple products
• An increase in profits
• Creating a logo for the company/product

Which business has the slogan "I'm lovin' it"?

• Burger King
• McDonalds
• Subway
• KFC

Tags

CCSS.RI.9-10.5

CCSS.RI.11-12.5

Which of the following best describes quality?

• The service provided to a customer before, during and after purchasing.
• Products being made to a high standard to meet customer needs.
• A high level of productivity.

Who needs to be satisfied with the quality of products?

• Rivals
• Suppliers
• Customers

All partnerships must be 50 - 50?

• True

• False

What is profit?

• the money you spend - the price you sell it for

• the price you sell if for- the money you spend

• the price you sell it for + the money you spend

Tags

CCSS.7.EE.B.3

Overdraft

• A facility offered by a bank that allows an account holder to borrow money at short notice

• When an individual is unable to pay their debts

• When a company ceases trading

• A long term source of finance