IGCSE Business
Mastering IGCSE Business Concepts
Test your knowledge and understanding of key concepts in IGCSE Business with this engaging quiz. Designed to assess your mastery of topics including financial metrics, production methods, marketing strategies, and more, this quiz is perfect for students eager to refine their skills.
- 10 Multiple Choice Questions
- Covers a wide range of IGCSE Business topics
- Immediate feedback on your answers
Which of the following is the correct formula for NPM?
Fixed cost ➗(Selling price - Variable cost)
Revenue ➗Gross profit
Net profit ➗Revenue
None of the above
Which of the following is the correct formula for Return on capital employed?
Capital employed ➗Revenue
Current ratio ➗Current liabilities
Net profit ➗Capital employed✖100
(Current ratio - inventories)➗current liabilities✖100
Which of the following is the correct formula for Net cash flow?
Total inflow - total outflow
Opening balance + closing balance
Opening balance - closing balance
None of the above
Which of the following is the best description of price skimming?
When a product is sold at a very low price for a short period of time
Where a high price is set for a new product on the market
When businesses change product prices, usually when selling online, depending on the level of demand
When the price is set lower than the competitors’ prices in order to be able to enter a new market
Which of the following is one of the advantages of providing products directly to consumers?
Usually impractical for most products because the consumers probably do not live near to the factory and could not go there to buy the products.
Producer sells large quantities to retailers
Wholesaler saves storage space for small retailer and reduces storage costs
There is a lower price if sold direct to customers - cuts out wholesaler/retailer.
Which of the following is an example of NON-financial motivating methods?
Job rotation
Fringe benefit
Wages
Salaries
Which of the following is the best method when you make bread?
Job production
Batch production
Flow production
None of the above
All of the above
A ____ identifies and records the responsibilities and tasks relating to a job. Which of the following satisfies the empty space?
Job description
Job specification
Job analysis
Recruitment
Which of the following is the best description of chain of command?
It refers to the levels of management in any organisation, from the highest to the lowest
It refers to a diagram that outlines the internal management structure
The structure in an organisation which hallows instructions to be passed down from senior management to lower levels of management
The number of subordinates working directly under a manager.
Which of the following is an example of primary research?
Focus group
Website data
Database information
Customer generated data
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