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WorksheetsY9 RP Business Quiz 3
Total questions: 10
Worksheet time: 5mins
Which one of the following questions would an entrepreneur ask to find out if there would be enough customers for a new business idea?
What if fixed costs increase in the first six months?
What type of promotion should I use?
How many people live in the area?
How much should I spend on advertising?
Which one of the following is an example of a fixed cost for a biscuit manufacturer?
Sugar used in production
Rent if the business premises
Packaging used with the biscuits
Chocolate chips used in each biscuit
Steve is a painter. He estimates that his variable costs are £75 a day and his fixed costs are £1500 each month. What are his total costs if he works 15 in March?
£1125
£2500
£2625
£3000
Which one of the following is an example of a non-financial objective?
Generating wealth
Personal satisfaction
Maximising profit
Regular income
The following are all potential rewards to enterprise, except which one?
Growth in business value
Personal satisfaction
Higher tax payments
Control over working life
Profit is a common objective for most businesses. What is profit?
The quantity of products / services sold
The value of the products / services sold
The money you get to keep
The difference between revenue and costs
Which of these best describes marketing?
The process of finding out customers wants and needs
The process that identifies and satisfies customer needs profitably
The process of manufacturing products as efficiently as possible
The process that spots gaps in the market
Which of these best describes the term ‘target market’?
The group of customers who you are aiming to sell to
The type of products which are aimed at a smaller market
The employees of an organisation
The way a company communicates with its customers
Which of the following would you NOT expect to see in a business plan?
Details about the owners
Market research
Financial predictions
Competitors’ shareholders
The process of breaking something up into smaller parts?
Sample
Demographic
Segmentation
Breaking up
