Revision quiz

This is when a business produces an increased range of unrelated goods and services.

• Debt factoring

• Diversification

• Profit maximisation

• Cash flow

No distinction between the owner and the business. Often small businesses. Unlimited Liability

• Corporated

• Unincorporated

Which one of these is a benefit of an LTD?

• One person owns and makes all the decisions

• Shares can be sold publicly on the stock market

• Easier to control than a sole trader

• Shares are sold privately, so there is some control over ownership

This is a leadership style when managers make all the decisions, allowing no input from employees.

• Democratic

• Autocratic

• Laissez-faire

Which of these is an advantage of scientific decision making?

• Relying on instinct

• You are doing something you have always done, the results should be the same.

• It is rational and logical

• It is expensive

A .................... .............. is a mathematical tool that can be used by managers to help them make the right decision.

(a)  

What is the EV of option one?

(a)  

What is the net gain of option one?

(a)  

Stakeholder mapping looks at the following areas?

• Value and importance

• Power and delegation

• Interest and value

• Power and interest

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