GCSE Edexcel Business Unit 1.4
Authored by A Smith
Business
9th Grade
Used 11+ times
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10 questions
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1.
DRAG AND DROP QUESTION
1 min • 1 pt
A (a) is a business that is owned and run by one person. There is only one owner, but they may have (b) who work for them. Sole traders are usually start-ups or small businesses. Like (c) they are subject to (d) meaning that the business owner or owners are (e) for all of the debts of the business, no matter what the value is.
2.
DRAG AND DROP QUESTION
1 min • 1 pt
Private Limited Companies and Public Limited have (a) . This means that the business owner or owners are (b) up to the value of their financial investment in the business. Having Limited liability (c) . Sole Traders and Partnerships risk losing (d) to pay their debts as they have (e) .
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Same Partnerships may have Limited Liability under the Limited Liability Partnerships Act 2000.
TRUE
FALSE
4.
CATEGORIZE QUESTION
3 mins • 1 pt
Organize these options into the right categories
Groups:
(a) SHORT TERM FINANCE
,
(b) LONG TERM
Share Capital
Overdraft
Loans
Debentures
Crowd funding
Retained Profit
Trade Credit
5.
MATCH QUESTION
1 min • 1 pt
Match the definition to the term.
FRANCHISEE
A business that gives franchisees the right to manufacture, distribute or sell its branded products in return for a fixed sum of money or royalty payment
FRANCHISOR
A business that agrees to manufacture, distribute or sell branded products under the licence of a franchisor
FRANCHISE
The right given by one business to another to sell goods using its name
6.
CATEGORIZE QUESTION
3 mins • 1 pt
Organize these options into the right categories
Groups:
(a) Proximity to the Market
,
(b) Proximity to Labour
,
(c) Proximity to Materials
,
(d) Proximity to Competiton
Hairdressers, Corner Shops and Takeaways tend to be located near their main customers near
Farms tend to be located in rural areas as it is easier to produce the materials they need.
Petrol stations tend to be away from rivals but fast food shops are to high footfall
People in the Fishing industry tend to live near coastal waters
7.
CATEGORIZE QUESTION
3 mins • 1 pt
Put the correct term under the correct heading
Groups:
(a) PRODUCT
,
(b) PRICE
,
(c) PLACE
,
(d) PROMOTION
Social Media
Physical Store
Online
Services
Net Cost
Discount
Paid for Advertising
Goods
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