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Tom's Toys case study quiz

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Tom's Toys Yr11 Business case study quiz
J K
Quiz by J K, updated more than 1 year ago
J K
Created by J K almost 7 years ago
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Resource summary

Question 1

Question
Between what years were economic conditions for Bowton very difficult?
Answer
  • 2007 - 2010
  • 2008 - 2011
  • 2009 - 2012

Question 2

Question
Select the correct boxes showing how poor economic conditions affected the local people of Bowton and local businesses in 2011
Answer
  • Incomes fell by 10%
  • Incomes fell by 8%
  • Unemployment rose by 8000
  • Unemployment rose by 6000
  • 42 businesses closed
  • 45 businesses closed
  • 55 businesses closed
  • 11 start-up businesses occurred
  • 15 start-up businesses occurred

Question 3

Question
By 2010, Bowton experienced some growth in business activity and employment increased.
Answer
  • True
  • False

Question 4

Question
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.
Answer
  • 7000
  • 8000
  • 6000
  • 'Regeneration Plan'
  • 'Renewal Plan'
  • 'Rejuvenation Plan'
  • 10 years
  • 8 years
  • 15 years
  • 2012
  • 2014
  • 2011
  • grants
  • loans

Question 5

Question
Based on a research report published in 2014, the UK toy market is experiencing a growth in online sales of toys.
Answer
  • True
  • False

Question 6

Question
Select all of the correct options describing Tom's Toys (Part 1):
Answer
  • Tom's Toys is a small toy shop located in a suburb in Bowton.
  • Tom's Toys is a small toy shop located in central Bowton.
  • The business is owned and run by Tom Cansell.
  • The business is part-owned and run by Tom Cansell.
  • The shop sells: train sets, construction models, dolls and games.
  • The shop sells: train sets, construction models, puppets and games.
  • The store imports 35% of the toys that it sells from countries in the EU.
  • The store imports 40% of the toys that it sells from countries in the EU.

Question 7

Question
Select all of the correct options describing Tom's Toys (Part 2):
Answer
  • The store imports 30% of its toys from non-EU countries.
  • The store imports 25% of its toys from non-EU countries.
  • The store buys 35% of its toys from UK manufacturers.
  • The store buys 30% of its toys from UK manufacturers.
  • Tom is considering expanding his business online.
  • Tom is not considering expanding his business online.
  • Tom is aware of the advantages and disadvantages of the UK being in the EU with regard to trade.
  • Tom is aware of the potential opportunities for trade that may become available when the UK leaves the EU in 2019.
  • Tom is not aware of the potential opportunities for trade that may become available when the UK leaves the EU in 2019.

Question 8

Question
Tom's cash flow forecast for January - April 2018 shows that his total income from sales will have decreased by £3900 in April.
Answer
  • True
  • False

Question 9

Question
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.
Answer
  • True
  • False

Question 10

Question
GG Toys produces items that could be sold at Tom's Toys shop, based on the product mix that Tom's Toys sells.
Answer
  • True
  • False

Question 11

Question
Select all of the boxes containing items that GG Toys are known to produce:
Answer
  • Train sets
  • Dolls
  • Puppets
  • Board games
  • Construction models
  • Action figures
  • Online games

Question 12

Question
GG Toys moved production of its toys to India in 2010.
Answer
  • True
  • False

Question 13

Question
The marketing department for GG Toys is based in Bowton.
Answer
  • True
  • False

Question 14

Question
Which group of workers experienced job losses when GG Toys moved production to China?
Answer
  • Medium-skilled production workers
  • Production workers
  • Low/unskilled production workers

Question 15

Question
Where do GG Toys sell their products? Select all options that apply.
Answer
  • Specialist toy shops
  • Cafes
  • Large toy retailers
  • Charity shops
  • Supermarkets (chain)
  • Department stores
  • Online

Question 16

Question
What percentage of GG Toys products are exported to other EU countries?
Answer
  • 30%
  • 40%
  • 50%
  • 60%

Question 17

Question
How long has 'Georgie Girl' been the best-selling toy for GG Toys?
Answer
  • For 2 years
  • For 3 years
  • For 1 year

Question 18

Question
The Georgie Girl doll is produced in Bowton, since it is GG Toys' best selling item in the UK.
Answer
  • True
  • False

Question 19

Question
Why did sales and production of the Georgie Girl doll increase by 120% in 2016?
Answer
  • A 'Georgie Girl' TV series was released
  • A 'Georgie Girl' picture book was released
  • The first 'Georgie Girl' film was released
  • The second 'Georgie Girl' film was released

Question 20

Question
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.
Answer
  • True
  • False

Question 21

Question
It cost £4.50 to produce a Georgie Girl doll in 2015 and £6.50 to produce a Georgie Girl doll in 2016.
Answer
  • True
  • False

Question 22

Question
The promotion costs involved with producing one Georgie Girl doll stayed the same across 2015 - 2016.
Answer
  • True
  • False

Question 23

Question
Apart from promotion costs, all of the other costs associated with producing one Georgie Girl doll increased in 2016.
Answer
  • True
  • False

Question 24

Question
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.
Answer
  • True
  • False

Question 25

Question
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.
Answer
  • True
  • False

Question 26

Question
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.
Answer
  • True
  • False

Question 27

Question
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.
Answer
  • True
  • False

Question 28

Question
Select the option below that was also identified by the Financial Director as a potential problem for GG Toys in the future.
Answer
  • China are no longer going to allow foreign businesses to produce items in their country.
  • Newspapers have been reporting on environmental concerns associated with the manufacturing of products in China
  • Foreign business owners in China are going to have to pay additional taxes to export their products to other countries

Question 29

Question
Did GG Toys sales increase 8% per year between 2014 - 2016 or decrease 8% per year?
Answer
  • Increase
  • Decrease

Question 30

Question
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:
Answer
  • Reduce the cost of materials used for the toys
  • Reduce the cost of production of the toys
  • Reduce the range of products created by GG Toys and focus on increasing production and sales of best-selling toys
  • Keep the range of products created by GG Toys the same, but focus on increasing production and sales of best-selling toys
  • Move production of toys to Bowton
  • Move production of toys to a smaller factory in China
  • Keep production of toys at the same factory in China
  • Develop online selling to help reduce retail prices
  • Buy a new warehouse and buy robots, in order to enable a more streamlined order system
  • Lease a new warehouse and lease robots, in order to enable a more streamlined order system

Question 31

Question
Where is the new online-selling depot warehouse going to be based?
Answer
  • An industrial park in Bowton
  • An industrial park in China
  • An industrial park in India

Question 32

Question
How are GG toys planning to finance the new warehouse and robots?
Answer
  • The warehouse will be bought using retained profit and the robots will be leased .
  • The warehouse will be leased and the robots will be bought using retained profit.
  • The warehouse will be bought using retained profit and the robots will be bought using a bank loan.
  • The warehouse will be leased and the robots will be bought using a bank loan.

Question 33

Question
GG Toys' online-selling depot warehouse will be automated.
Answer
  • True
  • False

Question 34

Question
It is estimated that by creating an automated depot warehouse to package online orders, orders can be completed and sent out one hour earlier.
Answer
  • True
  • False

Question 35

Question
GG Toys are planning to open their new online-selling depot warehouse in Bowton in order to provide jobs to unskilled workers.
Answer
  • True
  • False
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