WorksheetsGCSE Business Unit 2 AQA
Total questions: 10
Worksheet time: 5mins
Which of these is a correct definition of Interest Rates
The cost of using a bank
The cost of borrowing
The reward for saving
The fee charged for arranging a loan
What happens to the cost of imports as the pound gets stronger?
They get more expensive for foreign customers
Nothing happens
They get cheaper for UK customers
More people buy exports
Which are a possible impact for a business due to changing technology?
More sales
Wider market to sell to
Less competition
Faster pace of change to keep up with
Customers less likely to buy as they get fed up with updates
Why is it important for businesses to be compliant with Equality laws?
So they don't upset someone
So they don't get sued
So they can maintain a good reputation
So they can avoid recruiting the wrong person
What does 'ethical behaviour' mean in relation to business
Using fair trade suppliers
Being compliant with Health & Safety laws
Paying a fair (living) wage
Only selling their products to financially stable nations
Which of these apply to a business trying to operate in an environmentally friendly way?
Reducing the amount of traffic to and from stores
Sending waste to landfill sites
Publishing 'green' reports on their website
Cutting noise pollution
How would a business that is environmentally responsible benefit in comparison to competitors?
They are putting out less pollution and plastics
Attracting customers that prefer 'greener' businesses
Higher costs due to recyclable packaging being more expensive
Less demand for their products because they are more expensive
Which of these factors relates to the 'external environment'?
Being 'green' in the way a business operates
The economy e.g. interest rates & inflation
Actions of competitors
The budget a business has to spend
What is Inflation?
The relationship between costs and revenues
How many more sales a business has made that year
A general rise in prices over time
The cost of borrowing and the reward for saving
Which of these is the definition of a monopoly?
There are a small number of large businesses in a market
There are many small businesses in a market
There are a few large and a few small business in a market
There is one large and dominant business in a market
