Enterprise & Marketing R064 Multiple Choice 2

Last updated over 5 years ago
16 questions
1

Which of the following is an example of a variable cost for a coffee shop?

1

Which of the following is a word which describes a growing economy?

1

Which functional area is responsible for monitoring cash flow?

1

A break-even graph for a new product is shown below.

1

What is the name given to the share of profits paid by a franchisee to a franchisor each year?

1

Which functional area is responsible for health and safety in the workplace?

1

Which of the following is a method of primary (field) market research?

1

Which of the following tasks would be carried out by the Marketing function of a business?

1

Which of the following is a legal external factor which could affect product development?

1

Which of the following would be included in a business plan for a start-up business?

1

A sole trader decides to advertise their business using social media.
One key feature of advertising using social media is that:

1

What does Line X represent on the break-even graph?


1

Which pricing strategy is being used by a business which launches a new product with a low price to generate sales quickly?

1

A sole trader finances their new business using a small business grant.
Which of the following best describes a feature of this source of capital?

1

Which of the following would not be carried out by the Operations function of a business?

1

A sole trader carries out secondary (desk) market research when preparing to set up a new business.

One benefit of using this method is that: