Business Studies

1. When a consumer makes a purchase online they have a certain period known as the “Cooling off Period” this covers this time frame:

• 28 Days

• 14 Days

• 7 Days

• 24 Hours

This organisation investigates complaints about unsafe products to make sure that product safety rules have been followed by manufacturers.

• CAI

• Office of the Ombudsman Office of the Ombudsman

• CCPC

• Small Claims Court

Choosing products and services that have been produced or supplied in an environmentally sustainable way is said to be:

• Ethical consumption

• Sustainable Consumption

• Substantial Consumption

• Global Consumption

Pick the odd one out, one of these factors would not be considered attractive to a Transnational Company thinking of setting up in a country:

• Low Corporation Tax

• An unskilled workforce

• A country that is part of the EU free trade area

• A well-educated workforce

A total ban on the importation of certain goods into a country or trading area is known as this. It could be due to safety or environmental concerns.

• Tariff

• Quota

• Embargo

• Banjo

The Balance of Payments is a statement of:

• The total visible exports and visible imports of a country

• The total invisible exports and invisible imports of a country

• The total exports and total imports of a country

• The total balance of trade plus subsidies

In marketing when exporting products all over the world businesses typically operate this type of Marketing Mix:

• Worldwide Marketing Mix.

• Global Marketing Mix.

• Product, Price, Place, Promotion Mix

• USP Mix with a world wide vision

Inflation is calculated using the:

• Consumer Welfare Instrument

• Consumer Price Index

• Consumer Inflation Database

• Consumer Price Watch

According to the Government of this small country, the cost of living in year One was €7,500 and the cost of living in year Two was €8,555 Calculate the Rate of Inflation

• 14%

• 22%

• 39%

• 55%

This Policy refers to the Government policy of directly involving themselves in Business:

• Fiscal Policy

• Direct Intervention Policy

• Price Policy

• Economic planning Policy