BESY: EXTERNAL BUSINESS ENVIRONMENT

BESY: EXTERNAL BUSINESS ENVIRONMENT

Assessment

Quiz

Created by

Deborah Crookes

Other

1st - 5th Grade

21 plays

Medium

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11 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Demand shows.....

how much a business can make available to sell

how many consumers can afford to buy a product or service

how high inflation is

how much goods/services customers will buy at different prices

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Supply shows....

How many people want to buy a product or service

how many units producers would offer for sale at different prices

the different prices customers will pay for goods/services

how much a business has in stock

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If selling prices are high.....

demand goes down

supply remains constant

supply goes down

demand goes up

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

To make a profit......

selling price must the same as production costs

selling price must be lower than expenses

production costs must be lower than selling price

production costs must be higher than selling price

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

globalisation is.....

when businesses are on the internet

When businesses have a website

when businesses are in the EU

when businesses buy from and sell to many countries, with operations all over the world

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP stands for....

Gross domestic product

Gross deflated price

General domestic prices

Green domestic production

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Inflation is when.....

The value of money is increased

You can buy more goods for less money

The value of money is decreased

The government has put interest rates up

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