Asset

Business EdExcel

Quiz
•
Business
•
1st Grade
•
Medium
Jermaine Williams
Used 5+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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Out of date products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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