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

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why do business exist

why do business exist

Question 1 of 20

1

why do business exist
they exist so people can make money and to give other people jobs.

Select one of the following:

  • True
  • False

Explanation

Question 2 of 20

1

what is profit

Select one of the following:

  • profit

  • sale - profit = cost

  • sale - cost = profit

  • cost -sale =profit

Explanation

Question 3 of 20

1

how to treat customers

Select one of the following:

  • 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

Explanation

Question 4 of 20

1

4 ps ?

Select one of the following:

  • pug
    pigs
    hources
    cows

  • price
    place
    promotions
    product

Explanation

Question 5 of 20

1

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

Select one of the following:

  • True
  • False

Explanation

Question 6 of 20

1

how to motivation
give them a free car !

Select one of the following:

  • True
  • False

Explanation

Question 7 of 20

1

what happens if you have bad customer service

Select one of the following:

  • 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

Explanation

Question 8 of 20

1

what dose work of mouth mean ???????????????

Select one or more of the following:

  • 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

Explanation

Question 9 of 20

1

what business plan

Select one of the following:

  • 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

Explanation

Question 10 of 20

1

what does a loan mean

Select one of the following:

  • 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

Explanation

Question 11 of 20

1

why do we have a location of product

Select one of the following:

  • located as the area like it

  • the busniess has to locate there products to where need most

  • the area hate there products

Explanation

Question 12 of 20

1

is market research
it is the action or activity of gathering information about consumers' needs and preferences.

Select one of the following:

  • True
  • False

Explanation

Question 13 of 20

1

what is partnership

Select one of the following:

  • a cash flow

  • a trip to thortpark

  • a donkey

  • two or more people as partners and they split the profits

Explanation

Question 14 of 20

1

what is cash flow

Select one of the following:

  • 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

Explanation

Question 15 of 20

1

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

Select one of the following:

  • True
  • False

Explanation

Question 16 of 20

1

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

Select one of the following:

  • True
  • False

Explanation

Question 17 of 20

1

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.

Select one of the following:

  • True
  • False

Explanation

Question 18 of 20

1

is bash production
when some made on a lage scale

Select one of the following:

  • True
  • False

Explanation

Question 19 of 20

1

is job production made on small lots

Select one of the following:

  • True
  • False

Explanation

Question 20 of 20

1

non financial reward
they might get a day off

Select one of the following:

  • True
  • False

Explanation

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