Mr Frayne RO67 Revision

Front

Which formula would calculate sales revenue? Options: Selling Price + Number of Items Sold, Selling Price x Variable Costs, Selling Price x Number of Items Sold, Selling Price x Cost of Sales

Back

Selling Price x Number of Items Sold

Front

Which number shows the revenue line? Options: 1, 2, 3, 4

Back

1

Front

The point where revenue and costs are equal is known as?

Back

Break Even

Front

Which number shows the fixed costs line? Options: 1, 2, 3, 4

Back

3

Front

Costs that change with output are known as?

Back

Variable Costs

Front

Select the number which shows the total costs line.

Back

2

Front

Which of the following is an example of primary research?

Back

Questionnaires

Front

Example of primary market research for a start-up?

Back

Focus group talking about the product idea

Front

How can a business understand the needs of its customers?

Back

Conducting market research

Front

Secondary Research is...

Back

Data that already exists that has been collected for a different purpose