Questions Q1. What is meant by the term ethics? ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. (Total for question = 2 marks) Q2. Answer the question with a cross in the box you think is correct ( ). If you change your mind about an answer, put a line through the box ( ) and then mark your new answer with a cross ( ). What are the monthly total costs for Go Jewels? Select one answer. A £2 880 B £3 480 C £3 600 D £6 480 (Total for question = 1 mark) Q3. Outline one impact pressure groups may have on Tesco. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. (Total for question = 2 marks) Q4. (a) What is meant by the term export? (2) ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. (b) Identify one way a business, such as the Snowdonia Cheese Company, could measure its success. (1) ............................................................................................................................................. ............................................................................................................................................. Changes in the exchange rate can be important to businesses. (c) Explain one impact of a strong pound (£) on the Snowdonia Cheese Company. (3) ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. The Snowdonia Cheese Company creates a competitive business through good use of the marketing mix. (d) State two elements of the marketing mix. For each, explain how the Snowdonia Cheese Company uses it to make the business competitive. (8) Element 1 ............................................................................................................................................. Explanation ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. Element 2 ............................................................................................................................................. Explanation ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. ............................................................................................................................................. (Total for question = 14 marks) Q5. Lee is considering operating his business in a different location when the summer is over. He has produced a cash flow forecast to include in his business plan for a loan. Which three of the following might be the reasons why Lee produced a cash flow forecast? Select three answers. A It is a legal requirement that a business should have a cash flow forecast B It can help a bank decide whether it should lend money to a business C A cash flow forecast ensures that the business will be successful D Cash flow forecasts can reduce the risk of business failure E To identify the cash inflows over the last six months F To identify if the business will require an overdraft (Total for question = 3 marks) Q6. Lee is considering operating his business in a different location when the summer is over. He has produced a cash flow forecast to include in his business plan for a loan. Which two of the following might be the reasons why Lee produced a cash flow forecast? Select two answers. A It is a legal requirement that a business should have a cash flow forecast B It can help a bank decide whether it should lend money to a business C A cash flow forecast ensures that the business will be successful D Cash flow forecasts can reduce the risk of business failure E To identify the cash inflows over the last six months (Total for question = 2 marks) Q7. Answer the question with a cross in the box you think is correct ( ). If you change your mind about an answer, put a line through the box ( ) and then mark your new answer with a cross ( ). Which one of the following would be a benefit for MME if it delayed paying its suppliers? Select one answer. A Increased profit B Improved cash flow C Reduced interest payments D Improved relationship with suppliers (Total for question = 1 marks) Powered by TCPDF (www.tcpdf.org)
