Edexcel GCSE Business Theme 1 Quiz C

If a business searches online to research competitors, this is known as?

• Survey

• Internet research

• Market reports

• Government reports

If a business produces a product aimed at health-conscious customers, which market segment is it targeting?

• Age

• Location

• Lifestyle

• Income

Having lots of money left over from sales revenue after deducting costs best describes which business aim and objective?

• Profit

• Market share

• Sales

• Financial security

If a business asks an individual a series of questions on a one-to-one basis, this is known as?

• Focus group

• Questionnaire

• Observation

• Interview

Research which only contains closed questions and produces statistical data is known as what?

• Primary research

• Secondary research

• Quantitative data

• Qualitative data

If a business must charge more for the same product than its competitors, this is known as a competitive disadvantage based on which factor?

• Customer service

• Location

• Quality

• Price

When a customer purchases a product from one business instead of its competitors because it is easier, what consumer need is the business meeting?

• Price

• Quality

• Choice

• Convenience

A business has a sales revenue of £16,800 after selling 800 units. What is the selling price per unit?

• £16.80

• £19

• £21

• £28.60

Collecting research which is already available e.g. on the internet or journal, is known as what?

• Primary research

• Secondary research

• Quantitative data

• Qualitative data

The formula to calculate the break-even point in costs/revenue is?

• break-even point in units - sales price

• break-even point in units + sales price

• break-even point in units / sales price

• break-even point in units × sales price