Business Studies Multiple Choice Questions

Front

What does 'business context' mean?

Back

The environment in which a business operates

Front

Example of an external factor affecting a business:

• Changes in government regulation
• The business's internal policies
• Employee working hours
• Office layout

Back

Changes in government regulation

Front

Which sector's main business is primarily extracting products?

Back

Primary

Front

What is the main purpose of the primary sector?

Back

Extracting raw materials

Front

A bakery buying flour from a mill is an example of which relationship?

Back

Business-to-business

Front

Which of the following is NOT a stakeholder of business? Competitor, Customer, Employee, Shareholder

Back

Competitor

Front

What does PESTLE analysis show?

Back

External business environment influences

Front

SWOT analysis stands for what four items?

Back

Opportunities, Weaknesses, Strengths, Threats

Front

Which of these best describes a sole trader?

Back

A business owned by one person

Front

What is a benefit of public limited company (PLC)?

Back

Ability to sell shares to the public