Business Studies AQA AS

moniquekate182
Quiz by moniquekate182, updated more than 1 year ago
moniquekate182
Created by moniquekate182 over 5 years ago
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unit 1
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Resource summary

Question 1

Question
What are 3 motives of becoming an entrepreneur?
Answer
  • Escape an uninteresting job
  • To have more fun
  • Easier
  • A new idea
  • Seen a gap in the market
  • Less risk

Question 2

Question
opportunity costs are: the costs of an activity expressed in terms of the next best alternative.
Answer
  • True
  • False

Question 3

Question
There is only 2 ways to protect a business.
Answer
  • True
  • False

Question 4

Question
A franchisee is the person who is selling the franchise to another individual.
Answer
  • True
  • False

Question 5

Question
Break even output is calculated as:
Answer
  • fixed costs / contribution per unit
  • contribution per unit X number of units sold
  • selling price - variable cost

Question 6

Question
A business plan should include: (tick all that apply)
Answer
  • legal structure
  • old ideas
  • start date
  • vision for the business
  • pricing
  • business advisors advice
  • benefits to customers
  • government agencies

Question 7

Question
there are 3 types of sampling
Answer
  • True
  • False

Question 8

Question
qualitative data is:
Answer
  • data about opinions, attitudes and feelings.
  • data in numerical form
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