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lesson 1-5 recap A level edexcel business

Total questions: 15

Worksheet time: 3mins

Name
Class
Date
1.
a)

factory supplying a niche market

b)

factory supplying a mass market

2.

a)

Niche market

b)

Mass market

3.

a)

niche market

b)

mass market

4.

Economies of scale leads to :

a)

higher unit cost of production

b)

lower unit cost of production

5.

Which is a food brand ?

a)
b)
c)
d)
6.

Name the company (one word answer)

(a)  

7.
a)

original / difference

b)

original / difference x 100

c)

difference / original

d)

difference / original x 100

8.

a)

% increase = 140%

b)

% increase = 14%

c)

% increase = 40%

d)

% increase = 70%

9.

An advantage to a business of selling online :

a)

higher costs rent and staff wages

b)

customers can physically inspect the product

c)

customers can take the product home immediately

d)

a larger range of products can be offered

10.

PEST is an acronym of :

a)

hygiene issues in a restaurant kitchen

b)

Profit Estimates Something Terrible

c)

external factors changing a market

d)

internal factors changing a market

11.

Starbucks logo is a m (a)   (on word)

12.

Which of the below is an example of direct competition ?

a)
b)
c)
13.

Which of the following is an internal risk ?

a)

economic recession

b)

exchange rate of the £ changes

c)

product quality issues

d)

new competitors enter the market

14.

Uncertainty is an

a)

internal risk

b)

external risk

15.

How many sausage rolls does Greggs sell each week ?

a)

£ 1 million

b)

£ 1.5 million

c)

£ 5 million

d)

£ 0.1 million