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Worksheets2.4.2 - Understanding business performance
Total questions: 13
Worksheet time: 12mins
A travel business has decided to increase the selling price of a standard 7-night package holiday from £405 to £450 per person. Which of the following is the correct percentage increase in selling price per person?
10%
11.11%
90%
91.11%
The pie chart below shows information about five businesses that operate in the same market. The total market is valued at £5,000,000.
Based on this information, the value of the market held by Business B is:
£300,000
£900,000
£1,400,000
£1,600,000
A business gathers information regarding the population size of a specific area. Which of the following best describes the information collected?
Marketing data
Market data
Financial data
Financial information
The graph below shows the increase in cars sales experienced by a second-hand car garage between last year and this year:
Which of the following is the correct percentage increase in the number of second-hand cars sold by the garage between last year and this year?
11.76%
13.33%
88.24%
113.33%
The table below shows the annual sales revenue for Fred’s Restaurant and the total yearly sales revenue for the restaurant market in which Fred’s operates:
The table below shows the annual sales revenue for Fred’s Restaurant and the total yearly sales revenue for the restaurant market in which Fred’s operates:
Yearly sales revenue (£s)
Fred’s Restaurant 300,000
Total restaurant market 1,750,000
Based on this information, Fred’s Restaurant market share is:
14.63%
17.14%
82.86%
85.37%
A business has conducted some market research into a suitable selling price that should be charged for product X. The results are shown below:
Based on the information above only, which price would be the most appropriate for the business to charge for product X?
£1.00
£2.50
£3.05
£4.75
Last year a business had total costs of £235,000. This year the business experienced an 8% increase in total costs. Which of the following is the business’s total cost figure for this year?
£216,200
£234,992
£235,008
£253,800
The table below shows the number of surfboards sold by a business over an 8 week period.
Based on this information, which of the following is the average weekly number of surfboards sold by the business?
0.31
3.25
3.71
4.5
Which of the following is a problem that a business may experience when using financial data to make decisions? Figures are:
Reliable
Unbiased
Accurate
Out of date
Which of the following is an example of marketing data?
The level of unemployment in the UK
Total spending on bicycles in Spain
The sales figures of a business
Total size of the UK cosmetics market
Below is an extract from a business’ accounts for last year:
Based on this information, which of the following is the correct profit figure for the business for last year?
£500,000
£1,499,995
£1,500,000
£2,000,000
The graph below shows the sales revenue for Businesses A, B, C, D and E for last year:
Based on the information above, which two of the following statements are true?
Business A has a lower sales revenue than business E
Business E has the lowest sales revenue
Business C has a lower sales revenue than business E
Business A has the highest sales revenue
Business D has a higher sales revenue than business B
The table below shows selected financial data for Businesses X and Y for last year:
Based on the information in the table above, which two of the following statements are true?
Business X had a higher gross profit than business Y last year
Business X had a lower gross profit than business Y last year
Business Y had a higher net profit than business X last year
Business Y had a lower net profit than business X last year
Business X had a higher sales revenue than business Y last year
