Edexcel GCSE Business Quiz

Quiz
•
Business
•
10th Grade
•
Medium

Oliver Hylands
Used 62+ times
FREE Resource
52 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does "Adding value" mean in a business context?
Reducing costs to increase profit margins
Selling a product for more than it costs through processes applied
Increasing the number of products available
Expanding business operations
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the purpose of "Advertising" in business?
To recruit new employees
To provide discounts on products
To place an advert in media to promote a business
To analyze market trends
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which term describes the independence a worker has within their job?
Autonomy
Commission
Consumer
Cash inflow
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is meant by "Break even" in financial terms?
When a company's revenue is less than its expenses
When total revenue equals total costs with no profit or loss
When a company achieves its highest sales
When stock prices are stable
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does "Cash-flow forecast" predict?
Changes in stock prices
Future job openings in a company
Future money inflows and outflows of a business
The number of products sold
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the role of "Chain of command" in a business organization?
To decide employee salaries
To structure decision-making and control
To manage stock levels
To forecast sales
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does "Competitive advantage" allow a business to do?
Reduce its operational costs
Ignore market trends
Be more successful than its competitors
Decrease its product quality
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