Edexcel GCSE Business Theme 1 Section 1

Edexcel GCSE Business Theme 1 Section 1

12th Grade

20 Qs

quiz-placeholder

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Edexcel GCSE Business Theme 1 Section 1

Edexcel GCSE Business Theme 1 Section 1

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Leila Brown

Used 134+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand?

the number of units that customers want and can afford to buy

customers who want to buy

the number of units the company supplies

customers who desire the product

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

a product or service with sales that have declined or come to an end as customers find something new

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these is adapting existing products?

Charging a different price

Faster ways to provide a service

Different pack size

New flavour

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A feature of a business that helps it to succeed against rivals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a risk associated with starting a new business?

Business Failure

Financial Loss

Lack of security

Loss of Friends

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a reward for starting a business?

Business success

Paying tax

Independence & being own boss

Profit and wealth

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Good business people do not try to weigh up?

the chances success or failure

the costs or benefits of success or failure

the implications for the business as a whole

the business opening hours

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