GCSE Business Studies quiz

• Business Studies
• Upper Secondary (Key Stage 4)
• GCSE

GCSE Business Studies quiz

Section A: Business in the Real World (10 marks)

1. What is the main purpose of a business plan? a) To attract skilled employees b) To secure financial support c) To advertise products d) To develop new products

What is the main purpose of a business plan?

1. To advertise products
2. To attract skilled employees
3. To secure financial support
4. To develop new products

2. Which of the following is NOT a typical objective for a start-up business? a) Survival b) Market dominance c) Profit d) Customer satisfaction

Which is NOT a typical objective for a start-up?

1. Market dominance
2. Customer satisfaction
3. Survival
4. Profit

3. Explain the term 'unlimited liability'. (2 marks)

4. State two benefits of operating as a private limited company. (2 marks)

5. A business has expanded from one shop to five shops in different towns. Which method of growth is this an example of? a) Internal growth b) External growth c) Organic growth d) Both a and c

What method of growth is expanding to five shops?

1. b) External growth
2. c) Organic growth
3. d) Both a and c
4. a) Internal growth

Section B: Influences on Business (10 marks)

6. Which of the following is an example of a technological influence on business? a) Changes in interest rates b) Introduction of new manufacturing equipment c) Increase in the minimum wage d) Rising consumer environmental awareness

Which influences business technology advancements?

1. Changes in interest rates
2. Increase in the minimum wage
3. Rising consumer environmental awareness
4. Introduction of new manufacturing equipment

7. How might an increase in unemployment affect businesses? a) Increased sales of luxury goods b) Higher wage costs c) Decreased demand for many products d) Greater competition for jobs among employers

What is a potential effect of rising unemployment?

1. Increased sales of luxury goods
2. Decreased demand for many products
3. Greater competition for jobs among employers
4. Higher wage costs

8. Outline two ways in which legislation might impact business costs. (2 marks)

9. What is meant by 'ethical considerations' in business? (2 marks)

10. A chocolate manufacturer is concerned about the recent rise in cocoa prices. Which external influence is most directly affecting this business? a) Economic b) Environmental c) Competitive d) Social

What external influence affects cocoa prices?

1. a) Economic
2. c) Competitive
3. d) Social
4. b) Environmental

Section C: Business Operations (10 marks)

11. Which of the following is a characteristic of job production? a) High volume output b) Standardised products c) Customised products d) Low unit costs

What is a characteristic of job production?

1. Customised products
2. High volume output
3. Low unit costs
4. Standardised products

12. What is meant by the term 'quality control'? a) Regular checks at various stages of production b) Ensuring the entire business operates efficiently c) Motivating workers to perform better d) Reducing costs throughout production

Which option describes 'quality control' accurately?

1. Reducing production costs
2. Regular checks at various stages of production
3. Motivating workers to perform better
4. Ensuring business efficiency

13. Explain one benefit of using just-in-time (JIT) stock control. (2 marks)

14. A business produces garden furniture. It has received customer complaints about the quality of its products. Suggest two ways the business might improve product quality. (2 marks)

15. Which of the following is NOT an advantage of automation in manufacturing? a) Increased consistency in quality b) Reduced labour costs c) Increased flexibility for customisation d) Increased production speed

Which is NOT an advantage of automation?

1. Reduced labour costs
2. Increased consistency in quality
3. Increased production speed
4. Increased flexibility for customisation

Section D: Extended Response (10 marks)

16. "Technology is the most important influence on business operations today." To what extent do you agree with this statement? Justify your answer with reference to business examples. (10 marks)