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T Level Business Knowledge Quiz

Authored by Nirmal Nair

Other

12th Grade

Used 18+ times

T Level Business Knowledge Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary objective of a business?

Maximizing sales

Minimizing costs

Maximizing profit

Increasing market share

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is market segmentation?

Dividing a market into distinct groups with common needs

Merging different markets into one

Identifying a niche market

Expanding a market to global customers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

A person who invests money in the stock market

A person who starts and runs their own business

A manager of a large corporation

An employee who receives a salary

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SWOT analysis stand for?

Strengths, Weaknesses, Opportunities, Threats

Strategic, Weaknesses, Opportunities, Tactics

Strengths, Weaknesses, Outcomes, Tactics

Strategic, Weaknesses, Opportunities, Threats

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed cost?

Raw materials

Wages

Rent

Commission

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a public limited company (PLC)?

Shares are not available to the public

Owned by one individual

Shares can be freely bought and sold on the stock market

Limited liability does not apply

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'economies of scale' refer to?

Cost advantages gained by increasing the scale of production

Financial losses due to reduced production

Profits gained from small-scale production

Market disadvantages due to high production costs

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