Year 10 Exam Revision

What is an advantage of using cash to buy goods & services?

• Easy keep a record

• Makes you save up enough money

• Great carry lots of money

• Avoids Debt

What does it cost you to borrow money from someone?

• Bond

• Could give you a bad reputation

• Interest

• Nothing

Electricity is an example of an "_______ Cost"?

• Ongoing
• Upcoming

• One Off

• Rare

What marketing strategy makes distinctions between products & services?

• Product Differentiation

• Promotional Mix

• Market Segmentation

• 4p's of Marketing

A target market is......

• a group of customers that the business intends to sell to
• when customer are placed into smaller groups
• a group who won't buy the product straight away
• demongraphic groups

​ ​A ​ (a)   is where proposed changes to the Australian Constitution are voted on by the Australian public

• referendum
• election
• polling booth
• convention

In a business cycle, what occurs in the "Boom Stage"?​ (a)  

• High Consumer Confidence
• Low Consumer Confidence
• Increased Unemployment
• Decreased Investment

Aboriginal & Torres Strait Islanders use which system of trade?

• Borrowing

• Sharing

• Internal Credit

• Bartering

Which court only makes decisions on Australian Constitution matters?

What is the final stage of a bill becoming law?

• Royal Assent

• Senate Vote

• Referendum

• Parliamentary Review