WorksheetsYr11 DO NOW 3 - RCT
Total questions: 5
Worksheet time: 4mins
Name
Class
Date
1.
If Rent = £800 p/m, Salaries = £5000 p/m, Wages = £4000 p/m and Rates = £700 p/m, how much are my Fixed Costs p/m?
a)
£10,500
b)
£5,800
c)
£6,500
d)
£9,800
2.
If my factory produces 1200 units per month and it costs them £6.50 per unit, how much are my total variable costs per year?
a)
£7,800
b)
£78,000
c)
£9,360
d)
£93,600
3.
A benefit of being in a partnership?
a)
Cover for holiday and sickness
b)
Arguments
c)
Have to share the profit
d)
Partner's actions are legally binding
4.
The P of marketing concerned with how much customers pay for a product or service?
a)
Product
b)
Price
c)
Place
d)
Promotion
5.
What kind of pricing strategy involves starting with a high price and then lowering it over time?
a)
Psychological
b)
Economy
c)
Competition
d)
Skimming
100 %
