WorksheetsYr 11 Business Studies 1
Total questions: 16
Worksheet time: 10mins
Name
Class
Date
1.
What does SWOT stand for?
a)
Strength, Weakness, Others, Time
b)
Strength, Weakness, Opportunity, Time
c)
Strength, Weakness, Opportunities, Threats
d)
Strengths, Worries, Others,Time
2.
In business there are 2 main types of costs. F__________ and V_________ Costs.
a)
Fixed, Variable
b)
First, Varied
c)
Fine, Varied
d)
Fixed, Varied
3.
What does VAT stand for?
a)
Very Accurate Tax
b)
Varied Achievable Tax
c)
Value Added Tax
d)
Value Additional Taxation
4.
B2B stands for?
a)
Back To Back
b)
Business To Business
c)
Best To Best
d)
Back To Business
5.
The UK Economy is divided in the _________ sector and the ___________ sector.
a)
Primary, Public
b)
Public, Secondary
c)
Primary, Secondary
d)
Public, Private
6.
Name the four elements of the Marketing Mix?
a)
Product, price, promotion, place
b)
Product, price, promotion, people
c)
Product, price, promotion, packaging
d)
Product, price, postage, people
7.
Who designed the hierarchy of needs?
a)
Frederick Herzberg
b)
Wilfred Taylor
c)
Elton Mayo
d)
Abraham Maslow
8.
What is a market segment?
a)
A part of a market e.g. age, gender
b)
A piece of cake
c)
Part of a person e.g. age, gender
d)
Smaller part of a larger market e.g. shop
9.
Entrepreneurs tend to be cautious.
a)
True
b)
False
10.
What is meant by a multinational business?
a)
A big business
b)
A business that operates in more than one country
c)
A big business that owns many other businesses
d)
Walmart
11.
What is unemployment?
a)
The figure the government uses to compare people out of work
b)
When a person is available to work, is looking for work, but has no work
c)
When someone doesn't have a job
d)
Students
12.
Match the definition with the correct term:
The combination of price, product, place and promotion is known as ...
The combination of price, product, place and promotion is known as ...
a)
A Marketing Mix
b)
B Lateral thinking
c)
C Venture Capital
d)
D Unique Trading Name
13.
Fill in the blank. __________ is a form of business that is owned by one person.
a)
Partnership
b)
Shareholders
c)
Sole Trader
d)
Liability
14.
New competitor on the market is:
a)
Opportunity
b)
Threat
c)
Strenght
d)
Weakness
15.
Which is a good?
a)
Toothpaste
b)
Haircut
c)
Getting a pedicure
d)
playground
16.
Which is a service?
a)
shoes
b)
phone cases
c)
haircuts
d)
book
100 %
