Business EdExcel

Business EdExcel

1st Grade

20 Qs

quiz-placeholder

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Business EdExcel

Business EdExcel

Assessment

Quiz

Business

1st Grade

Medium

Created by

Jermaine Williams

Used 5+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Asset

changing an existing product or process

any item of value that a business owns, such as machinery or premises.

the proportion of sales in a market that are taken by one business

the flow of goods and services out of a country

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Brand loyalty

This is how you market your business

A customers willingness to buy a product from a particular business rather than from competitors

The logo that you use to advertise your business

A customers willingness to buy a product from competitors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Competitive advantage

Who your competitors are

An advantage a business has over its rivals that is unique and sustainable

A document showing you whats wrong with your business

A financial statement showing you your advantages over your competitors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer

The person who invents the product/service

The person who buys the product/service

The person who buys and uses the products/service

The person who sells the product/service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demographics

The laws that a business must comply with

The place where customers live and buy their products

Statistical differences that exist within a population, now and in the future

Out of date products

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

E-Commerce

Paying your bills online

A telephone company

Using the internet to carry out business transactions

Changing an existing product with technology

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Differentiate

The strength and number of competitors operating in a market

Show that a product is different from similar products

Giving a product or service 'personality' with a name

Features of a product

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