Y10 Mock mop up quiz

Match the following

• Buy now pay later, no charge

• Trade credit

• Short term borrowing with high interest

• Bank loan

• Small amounts raised onilne for a reward

• Overdraft

• Long term borrowing with lower interest

• Retained profit

• Using profit made from another year

• Crowd funding

Branding can include elements like a l____, slogan, packaging, and brand values.

Branding is the process of creating a unique (a)   , (b)   , or (c)   for a product or business in the minds of consumers. It helps to make the product stand out from (d)   and can build customer (e)   .

• name
• image
• identity
• competitors
• loyalty

A (a)   is a business model where one business (the (b)   ) gives another person or business (the (c)   ) permission to sell its products or services using its name, brand, and system. The franchisee usually pays a (d)   and a percentage of profits in return for support, training, and an established (e)   .

• franchise
• franchisor
• franchisee
• fee
• brand

Match the following

• Consumers prefer a variety of options

• Durability

• Aesthetics play a crucial role in purchasing decisions

• Quality

• Customers want good value for money

• Choice

• Products must be reliable

• Price

• Items should withstand wear and tear

• Design

Sort these into long term and short term sources of finance

Groups:

(a) Short term finance

,

(b) Long term finance

• Bank loans

• Trade credit
• Overdraft

• Mortgage

Which are examples of cash inflow and which are cash outflow

Groups:

(a) Cash inflow

,

(b) Cash outflow

• Purchase of stock

• Refunds from suppliers
• Sales of goods

• Loan repayments
• Electricity bill

• Rent payment

• Sales of services
• Salaries and wages

What is employment legislation?

• Employment legislation is a set of laws that regulate the rights and duties of employers and employees.
• Employment legislation only applies to government employees.
• Employment legislation is a set of rules for employee social events.

What are consumers entitles to in law if the good is not as described, fit for purpose or of satisfactory quality

• Refund

• Replacement

• Repair

• Rolls Royce