Business Success

Which of these is the odd one out?

• Making a loss

• Making a profit

• Poor customer satisfaction

KPI stands for

• Key Performance Indicator

• Keep People Informed

• Key Personnel Instructor

Unfortunately approximately 20% of new businesses fail within their first year. True or False?

• True

• False

• Not sure

After achieving break even your business should start making a profit. True or False

• False

• True

• Not sure

Which of these should be avoided when running a business? Read them all before answering.

• Not knowing your sales turnover

• Not knowing who your best customers are

• Letting your website content get old

• All of these

Strong branding is a positive contributor to business success

• True

• False

• Not True

• Don't know

Retailers need lots of visitors to their shops, this is also known as .....

• Advertising

• Foot fall

• Online marketing

Increasing Market Share, Profits, Sales are all types of ...

• Business objectives

• Promotional activity

• Brand strategy

• Quality assurance

The proportion of the market that a firm has is known as....

• Proportional Representation

• Monopolised share

• Market Stall

• Market Share

Which of the following has the most shops

• ASDA

• Tesco

• Sainsburys

• Morrison