Business Plan - Luxury Furniture Ltd Quiz

What is the main objective of Luxury Furniture Ltd?

• To sell low-cost furniture

• To provide repair services for furniture

• To make and sell high-quality tables and chairs for the Irish market

• To export furniture to the UK

Where is Luxury Furniture Ltd headquartered?

• Dublin

• Cork

• Tullow, Co. Carlow

• Galway

Who is responsible for production and design at the company?

• Grainne O'Neill

• Michael O'Neill

• Both Michael and Grainne O'Neill

• Neither of them

What is Grainne O'Neill's role in the business?

• Production manager

• Marketing manager

• Managing director and finance manager

• Sales representative

How much has each shareholder invested in the business?

• €10,000

• €20,000

• €30,000

• €50,000

Why can Luxury Furniture Ltd charge premium prices?

• It is a well-known brand

• It is a luxury brand offering high-quality products

• It sells in bulk to large retailers

• It has very low production costs

How does the company promote its products?

• Social media advertising

• Flyers and posters

• Advertising on local radio stations and newspapers

• TV commercials

What type of production does Luxury Furniture Ltd use?

• Mass production

• Batch production

• Job production

• Continuous production

What is the cost price and selling price of a chair?

• Cost: €100, Selling price: €150

• Cost: €50, Selling price: €100

• Cost: €200, Selling price: €300

• Cost: €75, Selling price: €125

What is the company's business structure?

• Sole trader

• Partnership

• Private limited company (Ltd)

• Public limited company (PLC)