WorksheetsNCFE Unit 1 Business and Enterprise Revision
Total questions: 24
Worksheet time: 25mins
Name
Class
Date
1.
The main focus of any Continuous Improvement should be the elimination of...….
a)
Errors
b)
Flexibility
c)
Waste
2.
What are stakeholders?
a)
Anybody who knows the name of the business
b)
Anybody who takes an interest in a business
c)
Anybody who works for the business
d)
Anybody who buys from the business
3.
True or False: stakeholders can be internal and external.
a)
True
b)
False
4.
As a stakeholder, what interest would the suppliers have in a business?
a)
Following Legislations
b)
Business Relationships
c)
Payment Methods
d)
Staff Pay
5.
True or False: a consequence of a business not listening to their stakeholders is employees could go on strike.
a)
True
b)
False
6.
True or False: a consequence of a business not listening to their stakeholders is they will increase their dividends.
a)
True
b)
False
7.
What does an Organisation Show?
a)
Who does what job
b)
Who makes decisions
c)
Who is friends with who
d)
Who has authority over whom
e)
Who wants a promotion
8.
The number of staff reporting directly to each manager
a)
Span of Control
b)
Chain of Command
9.
Shows who is allowed to give instructions and who will receive them.
a)
Span of Control
b)
Chain of Command
10.
What is meant by the term production?
a)
Changing raw materials into goods and service
b)
What happens on a movie set
c)
A small shop selling groceries
d)
Producing products by recycling
11.
An example of job production is
a)
Kitchen design
b)
Car manufacturing
c)
Teaching
d)
Raw materials
12.
An example of batch production is
a)
Bakery
b)
Tailor
c)
Garden design
d)
Car manufacturing
13.
What is flow production?
a)
Usually products involving water
b)
An example of manufacturing
c)
Identical products are produced, usually on an assembly line
14.
Production can be carried out more efficiently by using
a)
Better quality materials
b)
Motivated workers
c)
Technology
d)
Investment
15.
Which of the Boston Consulting Group Model (BCG Model) categories are being described here: a business unit that shows rapid growth but poor profit margins.
a)
Star
b)
Cash Cow
c)
Problem Child/Question Mark
d)
Dog
16.
Which of the Boston Consulting Group Model (BCG Model) categories are being described here: a business unit that generates more cash than it needs to maintain its market share.
a)
Star
b)
Cash Cow
c)
Problem Child/Question Mark
d)
Dog
17.
Which of the Boston Consulting Group Model (BCG Model) categories are being described here: a business unit that has low growth potential and a small market share.
a)
Star
b)
Cash Cow
c)
Problem Child/Question Mark
d)
Dog
18.
Which of the Boston Consulting Group Model (BCG Model) categories are being described here: A fast growing market leader.
a)
Star
b)
Cash Cow
c)
Problem Child/Question Mark
d)
Dog
19.
A unique blend of product, place, price, and promotion strategies designed to produce mutually satisfying exchanges with a target market
a)
Marketing objective
b)
marketing strategy
c)
Marketing Opportunity analysis
d)
Marketing Mix
20.
The product life cycle shows the different stages that a product passes through and sales that can be expected at each stage
a)
True
b)
False
21.
Which of these comments is most suitable for Growth?
a)
Heavy investment but no sales
b)
Sales are likely to be low as the product is new to the market
c)
Revenue is increasing as the product gains popularity
d)
Likely to be characterised as a dog in the Boston Matrix
22.
An established product which is bringing in revenue is a comment about which stage of the Product Life Cycle?
a)
Decline
b)
Maturity
c)
Introduction
d)
Growth
23.
Costs are incurred e.g. building new production lines, promotion and distribution costs. Likely the product will still not be profitable. The length of this stage will vary.
a)
Maturity
b)
Growth
c)
Introduction
d)
Decline
24.
Which phase of the Product life cycle is a downward turn in sales leading to the demise of a product.
a)
Introduction
b)
Growth
c)
Maturity
d)
Decline
100 %
