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Business Success

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of these is the odd one out?

a)

Making a loss

b)

Making a profit

c)

Poor customer satisfaction

2.

KPI stands for

a)

Key Performance Indicator

b)

Keep People Informed

c)

Key Personnel Instructor

3.

Unfortunately approximately 20% of new businesses fail within their first year. True or False?

a)

True

b)

False

c)

Not sure

4.

After achieving break even your business should start making a profit. True or False

a)

False

b)

True

c)

Not sure

5.

Which of these should be avoided when running a business? Read them all before answering.

a)

Not knowing your sales turnover

b)

Not knowing who your best customers are

c)

Letting your website content get old

d)

All of these

6.

Strong branding is a positive contributor to business success

a)

True

b)

False

c)

Not True

d)

Don't know

7.

Retailers need lots of visitors to their shops, this is also known as .....

a)

Advertising

b)

Foot fall

c)

Online marketing

8.

Increasing Market Share, Profits, Sales are all types of ...

a)

Business objectives

b)

Promotional activity

c)

Brand strategy

d)

Quality assurance

9.

The proportion of the market that a firm has is known as....

a)

Proportional Representation

b)

Monopolised share

c)

Market Stall

d)

Market Share

10.

Which of the following has the most shops

a)

ASDA

b)

Tesco

c)

Sainsburys

d)

Morrison