WorksheetsGCSE Edexcel Business 11.1
Total questions: 35
Worksheet time: 18mins
How will you be assessed in this course?
Examination only
Examination and coursework
Coursework only
How many examinations will you take at the end of year 11?
One
Two
Three
Four
What two components will you study during this course?
Enterprise
Enterprise and Entrepreneurship
Growing a business
Investigating small businesses
Internal growth is when a business grows by ….
Merging with other businesses
Taking over other businesses
By opening new stores in the UK and abroad
An example of internal growth could include
Mergers and takeovers
Mergers and opening new stores
Take-overs and opening new stores
Opening new stores and expanding into e-commerce
External growth is when a business grows by joining or buying other businesses?
True
False
Examples of external growth include..
Mergers and opening new stores
Mergers and expanding into e-commerce
Take-over and expanding into e-commerce
Merger and takeovers
A business may grow externally for all of the following reasons except?
To increase costs
To benefit from economies of scale
To increase their market share
To gain better distribution links
The benefits of economies of scale are that …..
As output increases costs increase
As output increases costs decrease
As output increases costs remain the same.
Horizontal integration occurs when ….
A business merges with another business at the same stage in the production process
A business merges with a business that operates in a different market
A business that merges with a business that operates in the same market but at a different stage in the production process
Vertical integration occurs when ….
A business merges with another business at the same stage in the production process
A business that merges with a business that operates in the same market but at a different stage in the production process.
A business that merges with another business that operates in a different market.
A conglomerate is a business that ….
Merges with another business that operates in a different market.
Merges with another business in the same market but at a different stage of the production process.
Merges with another business in the same market and at the same stage of the production process.
The advantage of becoming a public limited company is that?
It is easier to raise finance
You are more likely to be taken-over
You financial history is made public
You can not control who buys your shares
Internal finance is ...
Finance obtained from within the business.
Finance obtained from outside the business
An example of internal finance includes?
Selling stocks and shares
A government grant
A bank loan
Retained profit
A example of external finance includes
Retained profit
Finance from family and friend
Owners own savings
A bank loan
An advantage of retained profit is that ….
The interest rate charged is low
You can raise as much as you need
You do not have to pay it back
You are told by the bank how you must spend it.
The advantage of selling assets as a way of raising finance are...
Interest rates are low
A large amount of finance may be raised easily
You still have use of it once you have sold it.
All businesses have assets they do not need.
A disadvantage of a bank loan are that...
You do not pay interest on them
They are quick and easy to arrange
You can agree a payback period with the bank
The bank may require collateral as security
The advantages of selling shares are that ….
Only Ltd.'s and PLC's can sell shares
You could lose ownership of your business
There are no interest payments due
You usually have to pay dividends to shareholders
The reason why Tesco's is opening its first Jack's store is because of?
Changes in technology
Deciding to enter new markets
To reduce its workforce
To increase its product range
Tesco is reducing its workforce so that it can?
Reduce its costs and reduce its prices so that it can compete with discount supermarkets.
Enter new markets
Invest in new technology
Increase its product range
The advantage to a business of globalisation is?
Increased competition
The increased threat of take-over
The ability to increase profits
The introduction of new competitors into the market
A tariff is a?
Tax on imported goods
A limit on the number of goods that can be imported
Group of nations that encourage and promote trade
Good that is sold overseas
An exchange rate is?
The value of one currency expressed in terms of another
A currency that is getting stronger in value against another.
A currency that is getting weaker in value against another
A currency getting stronger or appreciating is a currency that is …...
going up in value against another.
going down in value against another
Staying the same in value against another
A currency getting weaker or depreciating against another is ….
going up in value against another
staying the same in value against another
going down in value against another
A change in the exchange rate could.....
Increase or lower the price of a product sold abroad
Change the price of imported raw materials
Change the price of competitors' product in the home market
All of the options mentioned
A fall in the value of the UK £ against the US$ will be good for which two groups?
UK tourists visiting the USA
US tourists visiting the UK
UK companies importing US goods
UK companies exporting US goods
A fall in the value of the UK £ against the US$ will be bad for which two groups?
UK tourists visiting the USA
US tourists visiting the UK
UK businesses exporting to The USA
UK businesses importing from the USA
The UK £ exchange rate against the Euro is presently £1 = E1.20. If a French consumer wants to buy a British car priced at £20,000 it will cost them in Euros?
E24,000
E20,000
E12,000
E14,000
The UK £ exchange rate against the Euro was £1 = E1.20. The UK £ has weakened to £1 = E1. If you were a French consumer buying a British car for £10,000 how much has the price changed in Euros?
It has increased by E2,000
It has stayed the same
It has fallen by E2,000
The UK £ exchange rate against the Euro is presently £1 = E1.20. If a British consumer wants to buy a French car priced at E24,000 it will cost them in UK £'s?
£12,000
£16,000
£20,000
£24,000
The UK £ exchange rate against the Euro was £1 = E1.20. The UK £ has weakened to £1 = E1. If you were a British consumer buying a French car for E24,000,000 how much has the price changed in UK £'s?
Increased by £4,000
Increased by £2,000
Decreased by £4,000
Decreased by £2,000
The GBP is currently depreciating against the US$ and the Euro. This is good for?
UK tourists travelling to The USA
UK tourists travelling to Europe
UK businesses importing raw materials from The USA and Europe
UK businesses exporting to The USA and Europe
