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WorksheetsRevision
Total questions: 20
Worksheet time: 9mins
This is where a firm produces an increased range of unrelated goods and services. .
(a)
This is an organisation that is owned by central government.
Private sector
Public sector
This is a business that is owned by shareholders. Shares are not sold on the stock exchange.
Public sector
Private limited
Sole trader
Mutual
The cost of borrowing money is known as what?
Recession
Inflation
Interest rate
On the Blake Mouton Grid, which type of manager has high concern for people and production?
Impoverished
Authoritarian
Team Leader
Country Club
Which of the following is a benefit of scientific decision making?
It always provides qualitative data.
It is quicker than hunch decision making
It is logical and based on data
A takeaway business is considering launching a new dish. The new meal requires investment of £5000. There is an 0.8 probability of achieving high sales of £20,000. There is a 0.2 probability of achieving £5000. What is the Net gain?
20,000
10,000
17,000
12,000
Which two factors are commonly measured on a stakeholder map?
Degree of stakeholder power and communication
Level of stakeholder interest and conflicts
Degree of stakeholder power and conflict
Degree of stakeholder power and level of interest.
Which of the following would a supplier be interested in?
Employee pay and rewards
After sales service
Customer special offers and discounts
Contracts for longer period of time.
M.................. m............... analyses the market conditions to identify the position of one product or brand relative to others in the market in terms of given criteria.
(a)
If sales rise from £250,000 to £300,000 what is the sales growth rate?
20%
10%
25%
30%
Grouping customers by their age is an example of .................... segmentation.
Geographical
Psychographic
Behavioral
Demographic
In the Boston Matrix, what type of product has high market growth but low market share?
Star
Problem child
Dog
Cash Cow
An attempt to prolong the decline of sales, in the product life cycle, is known as an (a) strategy.
If output is 3,000 units per shift and the number of employees working that shift is 300 then what is the labour productivity?
10 units
15 units
30 units
20 units
When a high proportion of machinery is used relative to labour, the operations process is known as (a) intensive
Constantly introducing small incremental changes in a business in order to improve quality and/or efficiency is known as:
Cell production
Kaizen
Mass production
Time based management
Capacity utilisation is 40% and present output is 600 units. What is the capacity?
1250 units
1500 units
840 units
1000 units
Which of the following is a problem of just-in-time?
High storage costs
There is little room for mistakes as minimal stock is involved.
Producing large amounts of standardised products.
What is the key term? This is an attitude to quality where the aims are zero defects and total customer satisfaction.
(a)
