Business Objectives and Strategy: Test 1 - Question Bank

Question Bank ''Business Objectives and Strategy: Test 1'' with interactive revision questions on a variety of business topics.

Question Bank - Business Studies

Business Objectives and Strategy: Test 1

Q1. A Sole Trader is a firm which

(Select one answer)

(a) * sells fish.
(b) * is operated by a single person.
(c) * is unincorporated.
(d) * can be taken to court instead of its owner.


Source: bized


Q2. The main aim of any private business is to

(Select one answer)

(a) * increase market share.
(b) * survive.
(c) * make a profit.
(d) * employ people.


Source: bized


Q3. The secondary sector of the economy is concerned with

(Select one answer)

(a) * banking.
(b) * manufacturing.
(c) * farming.
(d) * education.


Source: bized


Q4. The fourth element in a SWOT analysis is

(Select one answer)

(a) * internal threats.
(b) * external threats.
(c) * internal trials.
(d) * external trials.


Source: bized


Q5. All of the following are examples of the advantages of being a plc except

(Select one answer)

(a) * being able to sell shares on the Stock Exchange.
(b) * being liable to hostile take-over.
(c) * being able to raise capital from many sources.
(d) * being a legal entity separate from the owners and directors.


Source: bized


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