Year 9 Final Business Assessment

Which one of the following best defines the term stakeholder?

• An owner of a private limited company

• Someone with an interest in the success of a business

• Any individual who takes decisions within a business

• An individual who owns shares in a business

Which one of the following is an example of a reward from business activity?

• Financial loss

• Increased overheads

• Independence

• Lack of security

Which one of the following is a disadvantage of starting a partnership?

• Business owners have different skills

• Can be easier to raise finance

• Business decisions affect all partners

• Financial information is kept private

Which one of the following could be used to identify a market segment?

• Demographics

• Inflation

• Marketing mix

• Revenue

Which one of the following is a characteristic of a sole trader?

• They require a business qualification

• They have unlimited liability

• They can sell shares to raise finance

• They do not employ staff

Which two of the following are examples of secondary market research?

• Focus group

• Internet

• Market report

• Survey

Which two of the following are examples of a service?

• Birthday cake

• Fitness class

• Newspaper

• Train journey

Which one of the following could be used to identify customer needs?

• Business idea

• Business objectives

• Market research

• Marketing mix

Which two of the following are examples of primary market research?

• Internet research

• Government statistics

• Customer survey

• Focus group

Which one of the following describes the role of an entrepreneur?

• Being employed by a large organisation

• A willingness to take risks

• Having sufficient money to start a new business

• Being able to work alone