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WorksheetsBusiness enrolment quiz
Total questions: 23
Worksheet time: 15mins
Imagine you are developing a marketing strategy for a new product. What does USP stand for in this context?
Unique Sales Proposition
Unique Selling Point
Unbelievable Sales Promotion
Unique Selling Price
Imagine a local bakery wants to expand its operations. What does it mean if it decides to use internal sources of finance for this expansion?
A source from within the bakery's own profits or savings
A source from outside the bakery, like a bank loan or investor
Imagine you've started a new tech startup. Which of the following would be considered an internal source of finance for expanding your operations?
Owners' Funds
Hire Purchase
Leasing
Trade credit
Imagine you've just received your first paycheck and you're planning how to use it. A budget in this scenario is:
Tells you how much you can spend
Is plan for spending and saving
Something you make when you are an adult
A good idea but not necessary
At what point does a cafe reach its break-even point?
When it pays more in expenses than it earns in revenue
When it's earning revenue equal to its expenses, making no profit and no loss
When it starts earning more revenue than its expenses, making a net profit
When it earns enough revenue to cover its direct costs, making a gross profit
External influences on a business, such as a sudden change in trade regulations, refer to
Factors that are good for the business
Factors that are bad for a business
Factors that are outside the control of the business
Illegal actions by a business
What do the letters GDP stand for when analyzing the economic performance of a country?
(a)
When analyzing the market for a new eco-friendly product, what are the two Es in the acronym PESTLE?
Enterprise and Environment
Environment and Education
Economic and Enterprise
Economic and Environmental
Why did Samantha decide to start her own bakery?
To be her own boss
Flexibility
Achieving her dreams
All of the above
Who do we call the person who initiated the startup 'SpaceX'?
Entrepreneur
Enterprise
Entreposuer
Extraposer
Which of the following departments in a retail company is most likely to use Twitter to increase customer engagement?
Supply Chain Management
Marketing
Accounting
Human Resources
Imagine you're working at a construction site and your supervisor has provided you with a helmet for safety. If you decide not to wear this helmet, which law are you potentially violating?
Equality Act (2010)
Health and Safety at Work Act (1974)
Consumer Rights Act (2015)
Trades Description Act (1968)
During a recession, what is a common behavior observed among consumers?
High levels of consumer spending
Low levels of consumer spending
High levels of employment
Low levels of unemployment
Imagine you are working in a multinational company. Which law would protect you from being discriminated against based on your gender or race?
Equality Act (2010)
Health and Safety at Work Act (1974)
Consumer Rights Act (2015)
Trades Description Act (1968)
Imagine you are shopping online for a new smartphone. Which of the following statements is true regarding the information provided by the retailer?
Product descriptions must be true, accurate and not misleading
The retailer does not have to pay the national minimum or living wage to their employees
Customers cannot return a smartphone if its online description was false
Gender is not a protected characteristic under the Equality Act (2010)
Tesco’s F&F clothing brand has committed that, by 2020, it will only use cotton that has a minimal impact on the environment. This is an example of:
Waste disposal
Recycling
Using scarce resources
Sustainability
A local cafe that has installed solar panels and wind turbines aims to reduce:
Recycling
Global warming
Traffic congestion
Waste disposal
In the context of a multinational corporation's efforts to improve community welfare, what does CSR stand for?
Corporate Service Responsibility
Corporate Sustainability Regulation
Corporate Social Responsibility
Corporate Stakeholder Relations
