WJEC A-Level Business Business Opportunities (AS Unit 1) overview quiz quiz
16questions. Pick an answer and you'll see why right away.
What is enterprise as a factor of production?
Which of the following is a function of an entrepreneur?
What is the main reason a bank requires a business plan before lending?
Which body provides free start-up advice and mentoring funded by the Welsh Government?
Which is the best description of a niche market?
Segmenting a market by lifestyle, values and attitudes is which base of segmentation?
A firm sells £5 million in a market worth £40 million. What is its market share?
Which statement best describes secondary research?
In stratified sampling, how is the sample chosen?
Which business structure gives its owner full control but unlimited liability?
What is the key feature of a public limited company (plc)?
Which source of finance does NOT have to be repaid?
Which of the following is a fixed cost?
A firm has fixed costs of £20,000, a selling price of £15 and variable costs of £5 per unit. What is its break-even output?
What does the margin of safety measure?
Why might a retailer choose a costlier high-street location over a cheaper isolated unit?