Question 1
Which of the following is a method of sales promotion?
[1 mark]
Which of the following is an example of an ethical objective?
[1 mark]
In the product life cycle shown, what is the name of stage 2?
[1 mark]
Which of the following is likely to occur if a business does not follow employment laws?
[1 mark]
Which of the following is a feature of price penetration?
[1 mark]
Which of the following is included in the average rate of return (ARR) formula?
[1 mark]
Identify two ways a business might solve its cash flow problems.
[2 marks]
Explain one reason why a business would choose a newspaper as a method of advertisement.
[2 marks]
Identify one extension strategy a business can use and explain how it can increase sales.
[2 marks]
Explain one advantage of using retained profits as a source of business finance.
[2 marks]
Use the break-even chart below to calculate the margin of safety if the actual number of units sold was 60.
Show all workings.
[2 marks]
State and explain two factors that influence pricing decisions for a business.
[4 marks]