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Edexcel GCSE Business Theme 1 Quiz

Authored by Oliver Hylands

Business

11th Grade

30 Questions

Used 135+ times

Edexcel GCSE Business Theme 1 Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main aim of a small business?

Maximise profit

Minimise costs

Increase market share

Achieve customer satisfaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an entrepreneur?

Employee

Shareholder

Manager

Business owner

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'sole trader' mean in the context of small business?

A business owned by one person

A business owned by multiple partners

A publicly traded company

A non-profit organisation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of being a sole trader?

Limited liability

Access to more capital

Unlimited liability

Shared decision-making

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a business plan?

To increase market share

To secure funding and guide the business

To minimise costs

To satisfy customer needs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business organisation provides limited liability to its owners?

Sole trader

Partnership

Private limited company

Public limited company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SWOT analysis stand for in the context of business?

Strengths, Weaknesses, Opportunities, Threats

Sales, Wages, Operations, Taxes

Supply, Workforce, Output, Technology

Stakeholders, Working capital, Organisational structure, Time management

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