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Tom's Toys Yr11 Business case study quiz

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Tom's Toys case study quiz

Question 1 of 35

1

Between what years were economic conditions for Bowton very difficult?

Select one of the following:

  • 2007 - 2010

  • 2008 - 2011

  • 2009 - 2012

Explanation

Question 2 of 35

1

Select the correct boxes showing how poor economic conditions affected the local people of Bowton and local businesses in 2011

Select one or more of the following:

  • Incomes fell by 10%

  • Incomes fell by 8%

  • Unemployment rose by 8000

  • Unemployment rose by 6000

  • 42 businesses closed

  • 45 businesses closed

  • 55 businesses closed

  • 11 start-up businesses occurred

  • 15 start-up businesses occurred

Explanation

Question 3 of 35

1

By 2010, Bowton experienced some growth in business activity and employment increased.

Select one of the following:

  • True
  • False

Explanation

Question 4 of 35

1

The Bowton town council for business activity was implemented in . It was to be implemented over a period of , ending in 2022.
The council had decided to encourage businesses in Bowton by offering to those that wanted to locate or expand in the town.
By the start of 2018 over jobs had been created in the town.

Drag and drop to complete the text.

    7000
    8000
    6000
    'Regeneration Plan'
    'Renewal Plan'
    'Rejuvenation Plan'
    10 years
    8 years
    15 years
    2012
    2014
    2011
    grants
    loans

Explanation

Question 5 of 35

1

Based on a research report published in 2014, the UK toy market is experiencing a growth in online sales of toys.

Select one of the following:

  • True
  • False

Explanation

Question 6 of 35

1

Select all of the correct options describing Tom's Toys (Part 1):

Select one or more of the following:

  • Tom's Toys is a small toy shop located in a suburb in Bowton.

  • Tom's Toys is a small toy shop located in central Bowton.

  • The business is owned and run by Tom Cansell.

  • The business is part-owned and run by Tom Cansell.

  • The shop sells: train sets, construction models, dolls and games.

  • The shop sells: train sets, construction models, puppets and games.

  • The store imports 35% of the toys that it sells from countries in the EU.

  • The store imports 40% of the toys that it sells from countries in the EU.

Explanation

Question 7 of 35

1

Select all of the correct options describing Tom's Toys (Part 2):

Select one or more of the following:

  • The store imports 30% of its toys from non-EU countries.

  • The store imports 25% of its toys from non-EU countries.

  • The store buys 35% of its toys from UK manufacturers.

  • The store buys 30% of its toys from UK manufacturers.

  • Tom is considering expanding his business online.

  • Tom is not considering expanding his business online.

  • Tom is aware of the advantages and disadvantages of the UK being in the EU with regard to trade.

  • Tom is aware of the potential opportunities for trade that may become available when the UK leaves the EU in 2019.

  • Tom is not aware of the potential opportunities for trade that may become available when the UK leaves the EU in 2019.

Explanation

Question 8 of 35

1

Tom's cash flow forecast for January - April 2018 shows that his total income from sales will have decreased by £3900 in April.

Select one of the following:

  • True
  • False

Explanation

Question 9 of 35

1

Tom's cash flow forecast for January - April 2018 shows that his wages and expenses stay the same in February and March before decreasing in April.

Select one of the following:

  • True
  • False

Explanation

Question 10 of 35

1

GG Toys produces items that could be sold at Tom's Toys shop, based on the product mix that Tom's Toys sells.

Select one of the following:

  • True
  • False

Explanation

Question 11 of 35

1

Select all of the boxes containing items that GG Toys are known to produce:

Select one or more of the following:

  • Train sets

  • Dolls

  • Puppets

  • Board games

  • Construction models

  • Action figures

  • Online games

Explanation

Question 12 of 35

1

GG Toys moved production of its toys to India in 2010.

Select one of the following:

  • True
  • False

Explanation

Question 13 of 35

1

The marketing department for GG Toys is based in Bowton.

Select one of the following:

  • True
  • False

Explanation

Question 14 of 35

1

Which group of workers experienced job losses when GG Toys moved production to China?

Select one of the following:

  • Medium-skilled production workers

  • Production workers

  • Low/unskilled production workers

Explanation

Question 15 of 35

1

Where do GG Toys sell their products? Select all options that apply.

Select one or more of the following:

  • Specialist toy shops

  • Cafes

  • Large toy retailers

  • Charity shops

  • Supermarkets (chain)

  • Department stores

  • Online

Explanation

Question 16 of 35

1

What percentage of GG Toys products are exported to other EU countries?

Select one of the following:

  • 30%

  • 40%

  • 50%

  • 60%

Explanation

Question 17 of 35

1

How long has 'Georgie Girl' been the best-selling toy for GG Toys?

Select one of the following:

  • For 2 years

  • For 3 years

  • For 1 year

Explanation

Question 18 of 35

1

The Georgie Girl doll is produced in Bowton, since it is GG Toys' best selling item in the UK.

Select one of the following:

  • True
  • False

Explanation

Question 19 of 35

1

Why did sales and production of the Georgie Girl doll increase by 120% in 2016?

Select one of the following:

  • A 'Georgie Girl' TV series was released

  • A 'Georgie Girl' picture book was released

  • The first 'Georgie Girl' film was released

  • The second 'Georgie Girl' film was released

Explanation

Question 20 of 35

1

When demand for the Georgie Girl doll increased, GG Toys moved production of the toy to a newly-constructed building on the Chinese factory site.

Select one of the following:

  • True
  • False

Explanation

Question 21 of 35

1

It cost £4.50 to produce a Georgie Girl doll in 2015 and £6.50 to produce a Georgie Girl doll in 2016.

Select one of the following:

  • True
  • False

Explanation

Question 22 of 35

1

The promotion costs involved with producing one Georgie Girl doll stayed the same across 2015 - 2016.

Select one of the following:

  • True
  • False

Explanation

Question 23 of 35

1

Apart from promotion costs, all of the other costs associated with producing one Georgie Girl doll increased in 2016.

Select one of the following:

  • True
  • False

Explanation

Question 24 of 35

1

In early 2017, the Financial Director of GG Toys identified some potential issues that could affect the success of the business in the next 2-3 years.
One of these points was that the Chinese government had devalued its currency.

Select one of the following:

  • True
  • False

Explanation

Question 25 of 35

1

In early 2017, the Financial Director of GG Toys identified some potential issues that could affect the success of the business in the next 2-3 years.
One of these points was that the value of pound sterling had dropped against other currencies.

Select one of the following:

  • True
  • False

Explanation

Question 26 of 35

1

In early 2017, the Financial Director of GG Toys identified some potential issues that could affect the success of the business in the next 2-3 years.
One of these points was that there were going to be new export taxes imposed on GG Toys.

Select one of the following:

  • True
  • False

Explanation

Question 27 of 35

1

In early 2017, the Financial Director of GG Toys identified some potential issues that could affect the success of the business in the next 2-3 years.
One of these points was that inflation is set to rise in the UK, which may also cause a rise in the UK interest rate.

Select one of the following:

  • True
  • False

Explanation

Question 28 of 35

1

Select the option below that was also identified by the Financial Director as a potential problem for GG Toys in the future.

Select one of the following:

  • China are no longer going to allow foreign businesses to produce items in their country.

  • Newspapers have been reporting on environmental concerns associated with the manufacturing of products in China

  • Foreign business owners in China are going to have to pay additional taxes to export their products to other countries

Explanation

Question 29 of 35

1

Did GG Toys sales increase 8% per year between 2014 - 2016 or decrease 8% per year?

Select one of the following:

  • Increase

  • Decrease

Explanation

Question 30 of 35

1

When Isobel Liu was appointed as the new Chief Executive of GG Toys in 2016, she produced a Development Plan for 2017 - 2022 to help increase company performance.

Select all of the options below that are outlined in the plan:

Select one or more of the following:

  • Reduce the cost of materials used for the toys

  • Reduce the cost of production of the toys

  • Reduce the range of products created by GG Toys and focus on increasing production and sales of best-selling toys

  • Keep the range of products created by GG Toys the same, but focus on increasing production and sales of best-selling toys

  • Move production of toys to Bowton

  • Move production of toys to a smaller factory in China

  • Keep production of toys at the same factory in China

  • Develop online selling to help reduce retail prices

  • Buy a new warehouse and buy robots, in order to enable a more streamlined order system

  • Lease a new warehouse and lease robots, in order to enable a more streamlined order system

Explanation

Question 31 of 35

1

Where is the new online-selling depot warehouse going to be based?

Select one of the following:

  • An industrial park in Bowton

  • An industrial park in China

  • An industrial park in India

Explanation

Question 32 of 35

1

How are GG toys planning to finance the new warehouse and robots?

Select one of the following:

  • The warehouse will be bought using retained profit and the robots will be leased .

  • The warehouse will be leased and the robots will be bought using retained profit.

  • The warehouse will be bought using retained profit and the robots will be bought using a bank loan.

  • The warehouse will be leased and the robots will be bought using a bank loan.

Explanation

Question 33 of 35

1

GG Toys' online-selling depot warehouse will be automated.

Select one of the following:

  • True
  • False

Explanation

Question 34 of 35

1

It is estimated that by creating an automated depot warehouse to package online orders, orders can be completed and sent out one hour earlier.

Select one of the following:

  • True
  • False

Explanation

Question 35 of 35

1

GG Toys are planning to open their new online-selling depot warehouse in Bowton in order to provide jobs to unskilled workers.

Select one of the following:

  • True
  • False

Explanation

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