Y11 REFREASHER QUIZ/REVISON QUIZ

What is e-commerce?

• An online calendar system that enables appointments to be made
• A method of buying and selling products using an electronic network
• A method of selling electronic products to customers

How might new technology reduce business costs?

• New technology can enable remote meetings, saving on travelling costs
• New technology requires additional staff training
• New technology involves buying expensive equipment

Why should businesses make effective use of social media?

• To allow staff to access Facebook at work
• To interact with customers to gain feedback
• To avoid dealing with customer complaints

Which of the following is an example of how technology has affected the marketing mix of businesses?

• Contactless payments can be made for purchases of up to £30
• Businesses can save money as fewer staff are needed to sell online
• Customers can easily check the prices of competitors’ products

Which of these business activities is possible because of e-commerce?

• Local restaurants offering a food delivery service using an app
• A clothes retailer holding a sale in January
• A fast food restaurant offering a drive-through service

What is a tax?

• A financial charge made by a business
• A financial charge made by a government
• A financial contribution made by the government

What would an increase in interest rates encourage?

• More consumer spending
• More borrowing
• More saving

How might the government be impacted by a fall in unemployment?

• They may raise less money through taxes
• The government may increase interest rates
• They may raise more money through taxes

What is expected to happen when unemployment falls?

• More people will be without a job
• Consumer spending will rise
• More inferior goods will be sold

Which of the following is an example of a tax on sales?

• VAT
• Income tax
• Corporation tax