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Worksheets

Business Revision

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.
Which of the following is an example of a social enterprise?
a)
Advertising agency
b)
Computer manufacturer
c)
Restaurant training young offenders
d)
Caravan site
2.
Which of the following is not an advantage of buying a franchise?
a)
Make more profit
b)
Access to a successful business idea
c)
Lower costs
d)
Have total control of a business
3.
Which of the following is a benefit of writing a business plan?
a)
It takes time
b)
You use a word processor
c)
You choose what you want to do
d)
You identify risks
4.
What benefit does limited liability give an entrepreneur?
a)
More sales
b)
Access to greater market information
c)
Reduced number of competitors
d)
Protection of personal assets
5.

'Smart' Targets are...

a)

Specific, Measurable, Attainable, Realistic, Time Bound

b)

Sensible, Mature, Achievable, Relevant, True

c)

Specific, Managed, Accurate, Realistic, Technological

d)

Single, Managed, Appropriate, Relevant, Time Bound

6.

An entrepreneur is the person who is willing to take the risk to see whether or not his or her idea will work.

a)

True

b)

False

7.

Sole traders belong to the...

a)

Third sector

b)

Private sector

c)

Public sector

8.
What is the definition of Customer Service
a)
the assistance and advice provided by a company to those people who buy or use its products or services.
b)
Offering a service, well and politely. 
c)
Doing a hair or beauty service without having a disagreement with your client.
d)
Doing a great job.
9.

Which of the following are benefits of good customer service? (pick 2)

a)

Keeping loyal customers

b)

Poor competitive edge

c)

Higher staff turnover

d)

Attracting new customers

10.

How can a business ensure they provide good customer care? (pick 2)

a)

Charge customers for calling them

b)

Respond to emails promptly

c)

Provide regular customer care training for employees

d)

Ensure they do not refund their item

11.
Which is NOT a key feature of good customer service?
a)
Providing a good after-sales service
b)
Dealing with complaints ineffectively
c)
Knowledgeable staff
d)
Regular and meaningful communication
12.
True or False: stakeholders can be internal and external.
a)
True
b)
False
13.
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
14.

What oral communication skill is used to engage with customers on the telephone?

a)

a. Note taking.

b)

a. Active listening.

c)

a. Spell correctly.

d)

a. Time management.

15.

Which of these is the symbol for Fairtrade?

a)
b)
c)
d)
16.

CSR stands for ______________ Social Responsibility.

a)

Consumer

b)

Cost

c)

Corporate

d)

Capital

17.

What is capital?

a)

The money owed to people

b)

Sales the business makes

c)

The assets an ownership invests into the business

18.

Business objectives are sometimes referred to as

a)

Rules and procedures

b)

Obstacles

c)

Goals and targets

19.
A target market is 
a)
a market available at target
b)
a group of people who all buy the exact same goods and services 
c)
a group of producers who have similiar interestes and therefore join in a partnership business
d)
 a group of customers with similar characteristics towards which a business has decided to aim its marketing efforts and its products
20.
An advantage of buying a franchise is 
a)
being granted an instantly recognisable business name
b)
profits
c)
be able to choose the goods and services you sell
d)
unlimited liability