Market Research and Customers

Question 1 of 9

1

Select an aspect of the Design Mix

Select one of the following:

Function
Packaging

Explanation

Question 2 of 9

1

Which is true?

Select one or more of the following:

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.

Explanation

Question 3 of 9

1

The design mix consist of Function, Cost and Apperance.

Select one of the following:

True
False

Explanation

Question 4 of 9

1

What is buffer stock?

Select one of the following:

The point in which no more stock can be held.
The minimum amount of stock a business will allow its self to hold.

Explanation

Question 5 of 9

2

Label each Image with the correct label.

Drag an answer into the correct orange point.

Cash Cows

Cask Chicken

Problem Child

Questions

Stars

Glow

Dog

Decline

Explanation

Question 6 of 9

1

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.

Select one of the following:

£130
£230
£90

Explanation

Question 7 of 9

1

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

Select one or more of the following:

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

Explanation

Question 8 of 9

1

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?

Select one or more of the following:

(a) 2000
(a) 1758
(b) 234
(b) 400
(c) 1978
(c) 2000

Explanation

Question 9 of 9

1

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

Select one of the following:

True
False

	Created by Beth Thornton almost 9 years ago

Business Studies Test

Market Research and Customers

Question 1 of 9

Select an aspect of the Design Mix

Select one of the following:

Explanation

Question 2 of 9

Which is true?

Select one or more of the following:

Explanation

Question 3 of 9

The design mix consist of Function, Cost and Apperance.

Select one of the following:

Explanation

Question 4 of 9

What is buffer stock?

Select one of the following:

Explanation

Question 5 of 9

Label each Image with the correct label.

Drag an answer into the correct orange point.

Explanation

Question 6 of 9

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.

Select one of the following:

Explanation

Question 7 of 9

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

Select one or more of the following:

Explanation

Question 8 of 9

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?

Select one or more of the following:

Explanation

Question 9 of 9

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

Select one of the following:

Explanation