WJEC A-Level Business Business Functions (AS Unit 2) overview quiz quiz
16questions. Pick an answer and you'll see why right away.
Which of the following is one of the 4Ps of the marketing mix?
A firm launches a new, distinctive gadget at a high price to maximise revenue from early adopters. Which pricing strategy is this?
On the Boston Matrix, a product with high market share in a low-growth market is a:
What does the maturity stage of the product life cycle typically show?
Why can a profitable business still fail?
A budget sets staff costs at £20,000 but actual staff costs are £24,000. This variance is:
How is the gross profit margin calculated?
According to Herzberg, which of these is a motivator rather than a hygiene factor?
Which leadership style involves the leader making decisions and telling staff what to do?
Which is an advantage of internal recruitment?
Which method of production makes a standardised product continuously on a production line?
A factory produces 12,000 units using 40 workers. What is its labour productivity?
A firm produces 6,000 units against a maximum possible 10,000. What is its capacity utilisation?
What is the main risk of just-in-time (JIT) stock management?
What is the difference between quality control and quality assurance?
Buying inputs in large quantities at a discount as a firm grows is which internal economy of scale?