WorksheetsUnit 1 AQA Business GCSE
Total questions: 10
Worksheet time: 5mins
A business that sells the rights to trade using its name, logo and products...
A partnership
A franchisee
A franchise
An Ltd
Reasons for starting a business are
To keep all the profits
To get money
To be your own boss
To escape a boring job
To be motivated
A factor for choosing a location could be
Nice working environment
Proximity to customers
Close to where you live
High costs of premises
A Sole Trader would experience
Limited Liability
Stress of decision making
Loneliness of having no employees
Decisions taking too long due to discussion
Which of these are Stakeholders
Customers
Employees
Competitors
Shareholders
A benefit of writing a business plan could be
Avoids fines as it is a legal document
Guarantees a profit will be made
A bank is more likely to lend money
Increases the risk of the business failing
Sales Revenue is calculated by...
Price x Total Cost
Profit - Variable Costs
Fixed Costs + Variable Costs
Price x Output
The factors of production are...
Capital, Costs, Risk, Location
Land, Skills, Ideas, Profit
Capital, Enterprise, Land, Labour
Labour, Location, Costs, Enterprise
A farmer is in which industrial sector?
Primary
Secondary
Tertiary
Quarternary
Shareholders are...
Anyone with an interest in a business
Groups of people who can tell the business their ideas
Owners of limited companies who expect a dividend from profits
Local businesses who are in competition with the business
