GCSE Business Basics Quiz

Froggy Jumps

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Essential knowledge check

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Mr Dillon

United Kingdom

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GCSE Business Basics Quiz


Froggy Jumps GCSE Business Basics QuizOnline version Essential knowledge check by Mr Dillon 1 1) Which term describes an individual who takes a risk to start a business? a Entrepreneur b Opportunity c Employee 2 2) Which statement is true about a sole trader's liability? a Corporate liability b Unlimited liability c Limited liability 3 3) Which is an example of primary market research? a Government statistics b Magazine articles c Questionnaires (first-hand data) 4 4) In the product life cycle, which stage is when sales begin to fall? a Growth b Decline c Introduction 5 5) Which of the following is the 'Place' in the 4 P's of marketing? a Place b Price c Product 6 6) Which stakeholder is most concerned with price and quality of goods? a Employees b Government c Customers 7 7) What describes organic growth in a business? a Growth by outsourcing b Growth from within the business (internal) c Growth by merger 8 8) Which is the correct order for recruitment steps: identify vacancy, advertise, shortlist, interview, select? a Identify vacancy → Interview → Advertise → Shortlist → Select b Identify vacancy → Advertise → Shortlist → Interview → Select c Advertise → Identify vacancy → Shortlist → Interview → Select 9 9) What is unlimited liability? a A contract of employment b Refers to when the owner's personal possessions are at risk if the business goes into debt c Refers to when the owner's personal possessions aren't at risk if the business goes into debt 10 10) Which is an advantage of on-the-job training? a Takes longer to complete b More expensive c Cheaper and directly relevant to work

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GCSE Business Basics Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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GCSE Business Basics QuizOnline version

by Mr Dillon

1) Which term describes an individual who takes a risk to start a business?

2) Which statement is true about a sole trader's liability?

3) Which is an example of primary market research?

4) In the product life cycle, which stage is when sales begin to fall?

5) Which of the following is the 'Place' in the 4 P's of marketing?

6) Which stakeholder is most concerned with price and quality of goods?

7) What describes organic growth in a business?

8) Which is the correct order for recruitment steps: identify vacancy, advertise, shortlist, interview, select?

9) What is unlimited liability?

10) Which is an advantage of on-the-job training?