A business decides to increase its selling prices.Which of the following stakeholder is most likely to be affected?

Unit 1 LO.A

Quiz
•
Business
•
8th - 11th Grade
•
Medium
Trevor Kapfunde
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Suppliers
Local Community
Employees
Customers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business which grows potatoes and makes them into crisps is said to be operating in the:
Primary and secondary sector
primary and tertiary sector
secondary and tertiary sector
primary, secondary and tertiary sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business is likely to increase have increasing shareholder value as its objective?
sole trader
partnership
public limited company
not-for-profit organisation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a business increases its sales as a percentage of total market sales it is said to be:
increasing its market share
improving its customer satisfaction
increasing its shareholder value
maximising its profits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most likely advantage of being a sole trader business is being able to:
share decision making
raise large amounts of finance
keep all profits made
receive dividend payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following stakeholder may receive more order is a business grows in size?
customers
local community
suppliers
owner
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following organisation is most likely to have profit maximisation as an aim?
Starbucks
British Red Cross
World Wildlife Fund
Water Aid
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