IGCSE Business Studies Revision Quiz

Which of these are NOT included in a business plan?

• A description of the market the business is targeting.

• Financial information including income statements, sources of capital etc.

• Which firms they plan to merge with.

• Organisation structure & management.

The machinery that is used by a business is an example of which factor of production?

• land

• labor

• capital

• enterprise

The command term “Outline” is worth 4 marks in your exam. This question is looking for the skills of...

• Knowledge and Analysis

• Knowledge only

• Knowledge and Evaluation

• Knowledge and Application

Businesses including farming, fishing, forestry & the extraction of natural resources e.g. oil, minerals etc.

• Tertiary Sector

• Primary Sector

• Secondary Sector

• The economic problem

Which of these methods are NOT used to compare the size of a business?

• Capital employed

• Value of output

• Workers employed

• Added value

One way to measure a business is by seeing the percentage earned of that business against the total revenue of all businesses in the same industry.

• capital employed

• value of output

• market share

• number of employees

The most important thing to remember when asked to "justify" a response in Business Studies is to _______ the response

Which of the following is an example of TERTIARY business activity?

• Schools
• Farmers
• Fishermen
• Factories

When one business mergers with or takes over a business in a completely different industry.

• Internal growth

• Horizontal integration

• Vertical backwards integration

• Conglomerate integration

The command term “Define” is worth 2 marks in your exam. This question is looking for the skill of...

• Analysis

• Application

• Knowledge

• Evaluation