why do business exist

12binningsleya8948
Quiz by 12binningsleya8948, updated more than 1 year ago
12binningsleya8948
Created by 12binningsleya8948 over 4 years ago
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Description

Quiz on why do business exist , created by 12binningsleya8948 on 04/28/2016.

Resource summary

Question 1

Question
why do business exist they exist so people can make money and to give other people jobs.
Answer
  • True
  • False

Question 2

Question
what is profit
Answer
  • profit
  • sale - profit = cost
  • sale - cost = profit
  • cost -sale =profit

Question 3

Question
how to treat customers
Answer
  • you don't help them
  • you have to be rude to them
  • you be nice and treat them with respect and get them what they need if needed

Question 4

Question
4 ps ?
Answer
  • pug pigs hources cows
  • price place promotions product

Question 5

Question
what is a Sale of goods act Supply of goods and services 2015 An Act to make provision with respect to the liability of persons for damage caused by defective products; to consolidate with amendments the Consumer Safety Act 1978 and the Consumer Safety
Answer
  • True
  • False

Question 6

Question
how to motivation give them a free car !
Answer
  • True
  • False

Question 7

Question
what happens if you have bad customer service
Answer
  • more prfoit
  • more customers
  • price might decrease as more pepole are going to your shop !
  • people will tell of pepole you are bad at customer service

Question 8

Question
what dose work of mouth mean ???????????????
Answer
  • pepole will tell there pets
  • pepole will tell other pepole that you are a good or bad business
  • people will go back !
  • less pepole will go back

Question 9

Question
what business plan
Answer
  • tell your family and they will get a well done !
  • tell your friend you need a lone
  • to tell the bank you need some cash and tell then your finance and what you will be earning per year and per mouth and per week and per day tell then when you are going to brake even

Question 10

Question
what does a loan mean
Answer
  • keep to your plans and tell then when you are paying them back or they will get the bay lift and take what they own but not your children
  • dont keep to your plan
  • get the bay lift if they miss a payment
  • get the bay lift if they pay a day late

Question 11

Question
why do we have a location of product
Answer
  • located as the area like it
  • the busniess has to locate there products to where need most
  • the area hate there products

Question 12

Question
is market research it is the action or activity of gathering information about consumers' needs and preferences.
Answer
  • True
  • False

Question 13

Question
what is partnership
Answer
  • a cash flow
  • a trip to thortpark
  • a donkey
  • two or more people as partners and they split the profits

Question 14

Question
what is cash flow
Answer
  • when the cash flow make them go into debt
  • cash flow is when you work out the income and out come of the business
  • cash flow tell you how long after to buy a product the customers pay. this can affect timing of the cash flow

Question 15

Question
Consumer protection act 1998 An Act to make provision with respect to the liability of persons for damage caused by defective products; to consolidate with amendments the Consumer Safety Act 1978 and the Consumer Safety
Answer
  • True
  • False

Question 16

Question
Competition act 1998 They apply to contracts "concluded between a supplier and a consumer under an organised distance sales or services provision scheme run by the supplier who, for the purposes of the contract, makes use of one or more means of distance communication" up to and including the moment the contract is agreed
Answer
  • True
  • False

Question 17

Question
Consumer protection from unfair trading regulation 2008 It is effectively the successor to the Trade Descriptions Act 1968, which it largely repeals. It is designed to implement the Unfair Commercial Practices Directive, as part of a common set of European minimum standards for consumer protection.
Answer
  • True
  • False

Question 18

Question
is bash production when some made on a lage scale
Answer
  • True
  • False

Question 19

Question
is job production made on small lots
Answer
  • True
  • False

Question 20

Question
non financial reward they might get a day off
Answer
  • True
  • False
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