Market Research and Customers

Beschreibung

Business Studies Test
Beth Thornton
Quiz von Beth Thornton, aktualisiert more than 1 year ago
Beth Thornton
Erstellt von Beth Thornton vor etwa 9 Jahre
42
1

Zusammenfassung der Ressource

Frage 1

Frage
Select an aspect of the Design Mix
Antworten
  • Function
  • Packaging

Frage 2

Frage
Which is true?
Antworten
  • 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.

Frage 3

Frage
The design mix consist of Function, Cost and Apperance.
Antworten
  • True
  • False

Frage 4

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

Frage 5

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

Frage 6

Frage
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.
Antworten
  • £130
  • £230
  • £90

Frage 7

Frage
Explain, using an example, what is meant by (a) the maximum stock level .
Antworten
  • 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

Frage 8

Frage
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?
Antworten
  • (a) 2000
  • (a) 1758
  • (b) 234
  • (b) 400
  • (c) 1978
  • (c) 2000

Frage 9

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