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WorksheetsUnit 1 Revision ii) Edexcel business a level
Total questions: 15
Worksheet time: 6mins
A cash cow has a high market share and low market (a) (one word)
An intermediary in a distribution channel whose role is to 'break bulk' is a w (a) (one word)
Products that has a negative income elasticity of demand are classified as i (a) (one word)
Shares are sold to the public on the stockmarket
LTD
PLC
Private limited company
Decisions are made in Head Office and communicated to the regional branches
decentralised
centralised
delegated
outsourced
Maslow
Herzberg
Taylor
Mayo
Large orders, many meetings, customer wants technical details, often bought on credit :
B to C
B to B
If a product has many close substitutes, a weak brand and is not differentiated : demand is likely to be
price inelastic
price elastic
unresponsive to price changes
graph shows increase in demand
graph shows increase in supply
graph shows decrease in demand
graph shows decrease in supply
The shift was caused by :
lower raw material costs
higher raw material costs
a successful advert for the product
higher subsidies given to producer
Maslow's hierarchy of needs (bottom to top)
esteem, security, social, physical, self-actualisation
esteem, social, physical, self-actualisation, security,
physical, esteem, security, social, self-actualisation
physical, security, social, esteem, self-actualisation
If Bird's Eye focus more on vegetarian foods, they may lose sales on fish-based foods
This is an example of an opportunity cost
This is an example of a trade-off
Topic : Organisational Structures
This image relates to :
span of control
chain of command
outsourcing
This is a m (a) organisational structure
In a franchise, a percentage of sales revenue would be paid by the :
franchisor (to the franchisee)
franchisee (to the franchisor)
