Business ownership, shareholders and share prices

Which one of the following is a type of business ownership?

Select one answer.

Which one of the following is a short-term source of finance?

Select one answer.

Explain one way e-commerce could lead to increased sales for a small business.

Explain one possible advantage to a small business from a decrease in government taxation.

Which two of the following are ways that a small business could add value?

Select two answers.

Which two of the following are elements of the marketing mix?

Select two answers.

Table 1 contains information for a small business.

Using the information in Table 1, calculate the fixed costs for the small business. You are advised to show your workings.

Explain one way a unique selling point could add value to a small business.

Explain one disadvantage of starting a business as a sole trader.

Which one of the following is an advantage of starting as a franchisee?

Select one answer.

Figure 1 shows the total costs per year for a small business from 2021 to 2023.

Using the information in Figure 1, calculate the percentage increase in total costs between 2021 and 2022. You are advised to show your workings.

Explain one advantage to a small business of creating a cash-flow forecast.

Explain one disadvantage to a small business of using primary market research.

Discuss how proximity to market could influence the location of a small business.

State one way Pladis could improve the quality of its products.

Outline one method of external growth that Pladis may use.

In order to fund the four new production lines, Pladis considered the following two options:

Option 1: become a public limited company (plc)

Option 2: loan capital.

Justify which one of these two options Pladis should choose.

Which one of the following is a way of segmenting a market?

Select one answer.

Which one of the following is a definition of insolvency?

Select one answer.

Explain one disadvantage of starting a business as a partnership.

Explain one advantage to customers from increased competition.

Which two of the following could be used to collect secondary market research?

Select two answers.

Which two of the following are covered by employment law?

Select two answers.

Table 1 contains information for a small business.

Using the information in Table 1, calculate the total costs for the small business. You are advised to show your workings.

Explain one disadvantage to a small business from using retained profit for expansion.

Explain one advantage of opening up a business as a franchise.

Which one of the following could market mapping be used for?

Select one answer.

Which one of the following is an impact of a decrease in interest rates?

Select one answer.

Explain one advantage of starting a business as a private limited company.

Explain one way the internet may affect where a small business chooses to locate.

In the Source Booklet, look at Figure 4 and read Extract B, then answer Question 7.

Give one stage of the sales process.

Figure 5 shows the market share for each company in the virtual reality headset market in 2018 and 2019.

(Source: adapted from https://www.statista.com/statistics/755645/ global-vr-device-market-share-by-vendor/)

Using Figure 5, identify the company that left the virtual reality headset market in 2019.

Outline one advantage to Facebook of becoming a public limited company (plc).

In order to increase its profit, Facebook is considering two options:

Option 1: grow internally

Option 2: grow externally.

Justify which one of these two options Facebook should choose to increase its profit.

Evaluate the impact on Facebook of its decision to allow its employees to use remote working from home. You should use the information provided as well as your knowledge of business.

Outline one factor that may influence the location of a Little Movers franchise.

Analyse the impact on an entrepreneur of being a Little Movers franchisee.

State one source of revenue for Digital Allies.

Figure 2 shows the number of social media accounts in the UK in 2019.

Number of social media accounts (millions)

(Source: adapted from https://www.avocadosocial.com/latest-social-media-statistics-and-demographics-for-the-uk-in-2019/)

Using the information in Figure 2, identify which social media platform was the second largest in the UK in 2019.

Outline one impact on the owners of Digital Allies from being a private limited company.

In order to help improve digital marketing for a local university, Digital Allies is considering two options:

Option 1: improve the design of the university website

Option 2: design a social media campaign to target new students.

Justify which one of these two options Digital Allies should choose.

Evaluate the impact that changes in technology may have on Digital Allies. You should use the information provided as well as your knowledge of business.

State one good that Greggs produces in its factories.

Outline one benefit to Greggs of being a public limited company (plc).

In order to continue the growth in its sales, Greggs is considering two options:

Option 1: differentiate its product range

Option 2: lower its prices.

Justify which one of these two options Greggs should choose.

Which one of the following is a disadvantage of starting a partnership?

Select one answer.

Figure 1 shows the sales revenue of a business from January to April.

Using the information in Figure 1, calculate, to 2 decimal places, the percentage decrease in sales revenue from January to March. You are advised to show your workings.

Explain one disadvantage to a small business of an increase in interest rates.

Explain one disadvantage to a small business of manufacturing a high quality product.

Discuss the impact on a small business from the introduction of new employment laws.

Which two of the following are examples of secondary market research?

Select two answers.

Which two of the following are examples of variable costs?

Select two answers.

Table 1 contains information about cash payments of a small business in one month. The business sold 200 units in this month. All customers paid in cash.

Using the information in Table 1, calculate the net cash flow for this month You are advised to show your workings.

Explain one disadvantage of starting a small business as a partnership.

Explain one way the marketing mix of a small business may change due to changing consumer needs.

Which one of the following is a characteristic of a sole trader?

Select one answer.

Figure 1 shows the total costs for a business between May and July.

Using the information in Figure 1, calculate the percentage change in total costs between May and July. You are advised to show your workings.

Explain one reason why new business ideas come about.

Explain one advantage to a small business of using market mapping.

Discuss how the decision making of a small business may be affected by increased competition.

Which one of the following is a stage in the sales process?

Select one answer.

In 2018 a business sold three products, X, Y and Z. Figure 1 shows the sales revenue generated for each of these products.

Sales revenue for products X, Y and Z in 2018

Using the information in Figure 1, calculate, to 2 decimal places, the percentage of total sales revenue made by product X in 2018. You are advised to show your workings.

Explain one drawback to a business from differentiating its product.

Explain one impact on a business from increased globalisation.

Discuss the impact on a business of becoming a public limited company (plc).

Which one of the following is a short-term source of finance?

Select one answer.

Which one of the following is a definition of an exchange rate?

Select one answer.

Explain one benefit to an entrepreneur of buying a franchise to start a business.

Explain one way a small business could use market segmentation to target customers.

Outline one risk taken by the owners when starting Last Course Patisserie.

Analyse the impact on Last Course Patisserie of operating as a private limited company.