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WorksheetsYear 12 recap (Edexcel Business)
Total questions: 25
Worksheet time: 13mins
All partnerships must be 50 - 50?
True
False
What is profit?
the money you spend - the price you sell it for
the price you sell if for- the money you spend
the price you sell it for + the money you spend
Overdraft
A facility offered by a bank that allows an account holder to borrow money at short notice
When an individual is unable to pay their debts
When a company ceases trading
A long term source of finance
Competitive advantage
Who your competitors are
An advantage a business has over its rivals that is unique and sustainable
A document showing you whats wrong with your business
A financial statement showing you your advantages over your competitors
Demographics
The laws that a business must comply with
The place where customers live and buy their products
Statistical differences that exist within a population, now and in the future
Out of date products
Differentiate
The strength and number of competitors operating in a market
Show that a product is different from similar products
Giving a product or service 'personality' with a name
Features of a product
A role of a manufacturer is to:
Provide manufacturers with access to consumers over a wide area and in convenient locations.
Provide a simple sales option for manufacturers
Help buyers to find the right business to buy from in complicated markets
Make the goods eventually used by consumers
Fast moving consumer goods are often sold through wholesalers who add value by 'breaking __________'
bad
bulk
bones
businesses
Distribution refers to which element of the marketing mix?
Promotion
Product
Price
Place
What is the market capitalisation of a company with a share price of £1.75, dividends of 10p per share and 10 million shares in issue?
£175 million
£10 million
£1 million
£17.5 million
The external environment concerns features of the business environment that are:
Within the control of a business
Outside the control of a business
Opportunities for a business
Threats for a business
Not-for-profit organisations are also commonly referred to as:
PLC
Public companies
Social enterprises
Public sector
Which of these functional objectives would be consistent with a corporate objective to reduce costs?
Increase average selling prices by 15%
Increase unit costs by 10%
Increase labour productivity by 20%
Increase marketing budgets by 10%
What name is given to where a company lists its shares on a public stock exchange for the first time?
Rights issue
Independent public offering
Flotation
New share listing
Which of these formulae defines the point at which breakeven output is achieved?
Total Costs = Total Contribution
Total Revenue = Total Price
Total Profit = Total Costs
Total Revenue = Total Costs
Short-term cash flow can be improved by:
Increasing the value of finished goods inventories
Extending the period of credit taken from suppliers
Cutting the gross profit margin
Buying less oil.
What are fixed costs if a business makes a profit for the year of £400,000 after turnover of £850,000 and variable costs of £225,000?
£225,000
£355.000
£2250.00
£25525.00
