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Worksheets

IGCSE Business Studies

Total questions: 20

Worksheet time: 19mins

Name
Class
Date
1.
What happens in the secondary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Products/services provided to customers
2.
 What is a market segment?
a)
A part of a market e.g. age, gender
b)
A piece of cake
c)
Part of a person e.g. age, gender
d)
Smaller part of a larger market e.g. shop
3.
Which of these is an example of an external stakeholder?
a)
Employees
b)
Customers
c)
Employers
d)
Shareholders
4.

What happens in the tertiary sector?

a)

Raw materials are sourced

b)

Products are made

c)

Services provided to customers

5.

Something which distinguishes one business from its rivals, placing it an advantageous position is called

a)

Competition

b)

Competitive situation

c)

Competitive edge

d)

Competitive advantage

6.
What happens in the primary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Products/services provided to customers
7.

What is the business culture?

a)

A notion that concentrates its main economic output upon businesses

b)

The attitude that stakeholders such as management bring to the business

c)

How willing and motivated employees are to work

d)

The process by which a creditor studies a business to see the chance a proposed strategy may fail before it gives financial aid

8.
What sector would a SCHOOL be part of?
a)
Primary
b)
Secondary
c)
Tertiary
9.
What is an arrangement where a business buys the rights to trade under the name as an existing business called.
a)
Franchise
b)
Sole Trader
c)
Merger
d)
Acquisition
10.

Which sector would a CAR FACTORY be part of?

a)

Primary

b)

Secondary

c)

Tertiary

11.

What is the primary function of a business plan?

a)

To track financial transactions

b)

To outline the business's goals and strategies

c)

To analyze market competition

d)

To manage employee performance

12.

A brand is

a)

A sign or symbol

b)

An image

c)

A named product that is seen as different to other products

d)

A combination of letters and images

13.
Which of the following is not an advantage of buying a franchise?
a)
Make more profit
b)
Access to a successful business idea
c)
Lower costs
d)
Have total control of a business
14.

What is a "Sample Group"

a)

A small group selected to to take part in a survey

b)

A group of people used to ask people to complete a survey

c)

A group of people within a target audience

d)

A family

15.
What is a sole trader?
a)
One person who works for a business
b)
One person who sues a business
c)
One person who leaves a business
d)
One person who owns and runs a business
16.
B2B stands for?
a)
Back To Back
b)
Business To Business
c)
Best To Best
d)
Back To Business
17.

Which of the following is a characteristic of a public limited company?

a)

Owned by one person

b)

Shares can be bought and sold on the stock exchange

c)

Limited liability for all owners

d)

Requires fewer regulations than a private limited company

18.
What is unemployment?
a)
The figure the government uses to compare people out of work
b)
When a person is available to work, is looking for work, but has no work
c)
When someone doesn't have a job
d)
Students
19.

Which of the following are not internal stakeholders?

a)

Owners

b)

Employees

c)

Management

d)

The environment

20.
What benefit does limited liability give an entrepreneur?
a)
More sales
b)
Access to greater market information
c)
Reduced number of competitors
d)
Protection of personal assets