S3 Business Studies Revision

Give an example of an organisation in the public sector

• Tesco

• NHS

• PDSA

• Social Bite

What is an internal stakeholder?

• Someone who is an owner of the business

• A person who is interested in the business but not iinvolved with the running of it

• a person or group of stakeholders within the business

Which is not a benefit of good customer service?

• Market share may increase

• Better staff morale

• Customer loyalty can be built up

• The competition will go out of business

When a person is responsible for business debts to the extent that they may have to sell personal possessions to pay business debt - This describes...

• Unlimited liability

• Limited liability

• Sole Trader

What interest would a bank have in a business?

• The quality of products the business sells

• The success of the business to ensure they can pay loans back on time

• The amount of people employed by the business

• How much employees get paid

What is a shareholder?

• Someone who is interested in a business

• The owner of a sole trader business

• Someone who owns shares in private limited company

• Someone who owns a public sector business

Which of these is not an external factor?

• Political

• Social

• Employees

• Technological

How many owners can there be in a partnership?

• 1-10

• 2-20

• 2-50

• 2-100

Social enterprises and charities are part of the __________ sector

What is a sole trader business?

• A business with one owner

• A business works in the trades

• A business with lots of owners

• A local business