11785094
Pregunta 1
Pregunta
Between what years were economic conditions for Bowton very difficult?
Respuesta
-
2007 - 2010
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2008 - 2011
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2009 - 2012
Pregunta 2
Pregunta
Select the correct boxes showing how poor economic conditions affected the local people of Bowton and local businesses in 2011
Respuesta
-
Incomes fell by 10%
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Incomes fell by 8%
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Unemployment rose by 8000
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Unemployment rose by 6000
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42 businesses closed
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45 businesses closed
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55 businesses closed
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11 start-up businesses occurred
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15 start-up businesses occurred
Pregunta 3
Pregunta
By 2010, Bowton experienced some growth in business activity and employment increased.
Respuesta
- True
- False
Pregunta 4
Pregunta
The Bowton town council [blank_start]'Regeneration Plan'[blank_end] for business activity was implemented in [blank_start]2012[blank_end]. It was to be implemented over a period of [blank_start]10 years[blank_end], ending in 2022.
The council had decided to encourage businesses in Bowton by offering [blank_start]grants[blank_end] to those that wanted to locate or expand in the town.
By the start of 2018 over [blank_start]7000[blank_end] jobs had been created in the town.
Respuesta
-
7000
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8000
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6000
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'Regeneration Plan'
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'Renewal Plan'
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'Rejuvenation Plan'
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10 years
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8 years
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15 years
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2012
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2014
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2011
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grants
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loans
Pregunta 5
Pregunta
Based on a research report published in 2014, the UK toy market is experiencing a growth in online sales of toys.
Respuesta
- True
- False
Pregunta 6
Pregunta
Select all of the correct options describing Tom's Toys (Part 1):
Respuesta
-
Tom's Toys is a small toy shop located in a suburb in Bowton.
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Tom's Toys is a small toy shop located in central Bowton.
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The business is owned and run by Tom Cansell.
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The business is part-owned and run by Tom Cansell.
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The shop sells: train sets, construction models, dolls and games.
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The shop sells: train sets, construction models, puppets and games.
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The store imports 35% of the toys that it sells from countries in the EU.
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The store imports 40% of the toys that it sells from countries in the EU.
Pregunta 7
Pregunta
Select all of the correct options describing Tom's Toys (Part 2):
Respuesta
-
The store imports 30% of its toys from non-EU countries.
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The store imports 25% of its toys from non-EU countries.
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The store buys 35% of its toys from UK manufacturers.
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The store buys 30% of its toys from UK manufacturers.
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Tom is considering expanding his business online.
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Tom is not considering expanding his business online.
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Tom is aware of the advantages and disadvantages of the UK being in the EU with regard to trade.
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Tom is aware of the potential opportunities for trade that may become available when the UK leaves the EU in 2019.
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Tom is not aware of the potential opportunities for trade that may become available when the UK leaves the EU in 2019.
Pregunta 8
Pregunta
Tom's cash flow forecast for January - April 2018 shows that his total income from sales will have decreased by £3900 in April.
Respuesta
- True
- False
Pregunta 9
Pregunta
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.
Respuesta
- True
- False
Pregunta 10
Pregunta
GG Toys produces items that could be sold at Tom's Toys shop, based on the product mix that Tom's Toys sells.
Respuesta
- True
- False
Pregunta 11
Pregunta
Select all of the boxes containing items that GG Toys are known to produce:
Respuesta
-
Train sets
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Dolls
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Puppets
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Board games
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Construction models
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Action figures
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Online games
Pregunta 12
Pregunta
GG Toys moved production of its toys to India in 2010.
Respuesta
- True
- False
Pregunta 13
Pregunta
The marketing department for GG Toys is based in Bowton.
Respuesta
- True
- False
Pregunta 14
Pregunta
Which group of workers experienced job losses when GG Toys moved production to China?
Respuesta
-
Medium-skilled production workers
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Production workers
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Low/unskilled production workers
Pregunta 15
Pregunta
Where do GG Toys sell their products? Select all options that apply.
Respuesta
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Specialist toy shops
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Cafes
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Large toy retailers
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Charity shops
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Supermarkets (chain)
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Department stores
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Online
Pregunta 16
Pregunta
What percentage of GG Toys products are exported to other EU countries?
Respuesta
-
30%
-
40%
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50%
-
60%
Pregunta 17
Pregunta
How long has 'Georgie Girl' been the best-selling toy for GG Toys?
Respuesta
-
For 2 years
-
For 3 years
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For 1 year
Pregunta 18
Pregunta
The Georgie Girl doll is produced in Bowton, since it is GG Toys' best selling item in the UK.
Respuesta
- True
- False
Pregunta 19
Pregunta
Why did sales and production of the Georgie Girl doll increase by 120% in 2016?
Respuesta
-
A 'Georgie Girl' TV series was released
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A 'Georgie Girl' picture book was released
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The first 'Georgie Girl' film was released
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The second 'Georgie Girl' film was released
Pregunta 20
Pregunta
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.
Respuesta
- True
- False
Pregunta 21
Pregunta
It cost £4.50 to produce a Georgie Girl doll in 2015 and £6.50 to produce a Georgie Girl doll in 2016.
Respuesta
- True
- False
Pregunta 22
Pregunta
The promotion costs involved with producing one Georgie Girl doll stayed the same across 2015 - 2016.
Respuesta
- True
- False
Pregunta 23
Pregunta
Apart from promotion costs, all of the other costs associated with producing one Georgie Girl doll increased in 2016.
Respuesta
- True
- False
Pregunta 24
Pregunta
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.
Respuesta
- True
- False
Pregunta 25
Pregunta
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.
Respuesta
- True
- False
Pregunta 26
Pregunta
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.
Respuesta
- True
- False
Pregunta 27
Pregunta
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.
Respuesta
- True
- False
Pregunta 28
Pregunta
Select the option below that was also identified by the Financial Director as a potential problem for GG Toys in the future.
Respuesta
-
China are no longer going to allow foreign businesses to produce items in their country.
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Newspapers have been reporting on environmental concerns associated with the manufacturing of products in China
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Foreign business owners in China are going to have to pay additional taxes to export their products to other countries
Pregunta 29
Pregunta
Did GG Toys sales increase 8% per year between 2014 - 2016 or decrease 8% per year?
Respuesta
-
Increase
-
Decrease
Pregunta 30
Pregunta
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:
Respuesta
-
Reduce the cost of materials used for the toys
-
Reduce the cost of production of the toys
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Reduce the range of products created by GG Toys and focus on increasing production and sales of best-selling toys
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Keep the range of products created by GG Toys the same, but focus on increasing production and sales of best-selling toys
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Move production of toys to Bowton
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Move production of toys to a smaller factory in China
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Keep production of toys at the same factory in China
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Develop online selling to help reduce retail prices
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Buy a new warehouse and buy robots, in order to enable a more streamlined order system
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Lease a new warehouse and lease robots, in order to enable a more streamlined order system
Pregunta 31
Pregunta
Where is the new online-selling depot warehouse going to be based?
Respuesta
-
An industrial park in Bowton
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An industrial park in China
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An industrial park in India
Pregunta 32
Pregunta
How are GG toys planning to finance the new warehouse and robots?
Respuesta
-
The warehouse will be bought using retained profit and the robots will be leased .
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The warehouse will be leased and the robots will be bought using retained profit.
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The warehouse will be bought using retained profit and the robots will be bought using a bank loan.
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The warehouse will be leased and the robots will be bought using a bank loan.
Pregunta 33
Pregunta
GG Toys' online-selling depot warehouse will be automated.
Respuesta
- True
- False
Pregunta 34
Pregunta
It is estimated that by creating an automated depot warehouse to package online orders, orders can be completed and sent out one hour earlier.
Respuesta
- True
- False
Pregunta 35
Pregunta
GG Toys are planning to open their new online-selling depot warehouse in Bowton in order to provide jobs to unskilled workers.
Respuesta
- True
- False
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