lesson 1-5 recap A level edexcel business

• factory supplying a niche market

• factory supplying a mass market

• Niche market

• Mass market

• niche market

• mass market

Economies of scale leads to :

• higher unit cost of production

• lower unit cost of production

Which is a food brand ?

• 
• 
• 
• 

Name the company (one word answer)

• original / difference

• original / difference x 100

• difference / original

• difference / original x 100

• % increase = 140%

• % increase = 14%

• % increase = 40%

• % increase = 70%

An advantage to a business of selling online :

• higher costs rent and staff wages

• customers can physically inspect the product

• customers can take the product home immediately

• a larger range of products can be offered

PEST is an acronym of :

• hygiene issues in a restaurant kitchen

• Profit Estimates Something Terrible

• external factors changing a market

• internal factors changing a market