WJEC A-Level Business Business Analysis and Strategy (A2 Unit 3) overview quiz quiz
18questions. Pick an answer and you'll see why right away.
How is price elasticity of demand (PED) calculated?
If demand for a product is price inelastic, what happens to total revenue when the price rises?
A good with negative income elasticity of demand is best described as:
What is the main purpose of calculating a moving average in time-series analysis?
What is the main limitation of extrapolation as a forecasting method?
How is the current ratio calculated?
Return on capital employed (ROCE) measures:
In a SWOT analysis, which of these is an external factor?
On the Ansoff Matrix, selling existing products to existing markets is:
Which of these is one of Porter's Five Forces?
Expansion by one firm buying a controlling stake in another is:
What is a key benefit to a franchisor of expanding through franchising?
A decision has a 60% chance of a £30,000 gain and a 40% chance of a £5,000 gain. What is the expected value?
In critical path analysis, the critical path is:
Cost-benefit analysis is distinctive because it includes:
A machine costs £45,000 and generates net cash flows of £15,000 per year. What is its payback period?
Why is net present value (NPV) considered the most complete investment-appraisal method?
A special order is offered at a price below normal. With spare capacity, when is it worth accepting on financial grounds?