Market Research and Customers

Descripción

Business Studies Test
Beth Thornton
Test por Beth Thornton, actualizado hace más de 1 año
Beth Thornton
Creado por Beth Thornton hace más de 8 años
39
1

Resumen del Recurso

Pregunta 1

Pregunta
Select an aspect of the Design Mix
Respuesta
  • Function
  • Packaging

Pregunta 2

Pregunta
Which is true?
Respuesta
  • The price of an object doesn't make a business any profit.
  • The cheaper price of an object but still high enough to earn the business profit is best.

Pregunta 3

Pregunta
The design mix consist of Function, Cost and Apperance.
Respuesta
  • True
  • False

Pregunta 4

Pregunta
What is buffer stock?
Respuesta
  • The point in which no more stock can be held.
  • The minimum amount of stock a business will allow its self to hold.

Pregunta 5

Pregunta
Label each Image with the correct label.
Respuesta
  • Cash Cows
  • Cask Chicken
  • Problem Child
  • Questions
  • Stars
  • Glow
  • Dog
  • Decline

Pregunta 6

Pregunta
Work out how much profit I have if it cost £10 to make a single chair. I made 10 chairs and sold each one at £23.
Respuesta
  • £130
  • £230
  • £90

Pregunta 7

Pregunta
Explain, using an example, what is meant by (a) the maximum stock level .
Respuesta
  • Largest amount of stock the business has decided to keep at any one time
  • Level of current stock at which the business orders new stock

Pregunta 8

Pregunta
At the end of the working day on 1 June, Jollife Metals had 2,000 sheets of metal in stock. By 31 July, this had fallen to 400 sheets. How many metal sheets were in stock at the end of the working day on (a) 1st August; (b) 31st August; (c) 1st November?
Respuesta
  • (a) 2000
  • (a) 1758
  • (b) 234
  • (b) 400
  • (c) 1978
  • (c) 2000

Pregunta 9

Pregunta
Quality - achieving a minimum standard for a product or service, or a production process, which meets customers’ needs. Is this definition correct?
Respuesta
  • True
  • False
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