Revision

This is where a firm produces an increased range of unrelated goods and services. .

This is an organisation that is owned by central government.

• Private sector

• Public sector

This is a business that is owned by shareholders. Shares are not sold on the stock exchange.

• Public sector

• Private limited

• Sole trader

• Mutual

The cost of borrowing money is known as what?

• Recession

• Inflation

• Interest rate

On the Blake Mouton Grid, which type of manager has high concern for people and production?

• Impoverished

• Authoritarian

• Team Leader

• Country Club

Which of the following is a benefit of scientific decision making?

• It always provides qualitative data.

• It is quicker than hunch decision making

• It is logical and based on data

A takeaway business is considering launching a new dish. The new meal requires investment of £5000. There is an 0.8 probability of achieving high sales of £20,000. There is a 0.2 probability of achieving £5000. What is the Net gain?

• 20,000

• 10,000

• 17,000

• 12,000

Which two factors are commonly measured on a stakeholder map?

• Degree of stakeholder power and communication

• Level of stakeholder interest and conflicts

• Degree of stakeholder power and conflict

• Degree of stakeholder power and level of interest.

Which of the following would a supplier be interested in?

• Employee pay and rewards

• After sales service

• Customer special offers and discounts

• Contracts for longer period of time.

M.................. m............... analyses the market conditions to identify the position of one product or brand relative to others in the market in terms of given criteria.