IGCSE Business

A group of diverse students engaging in a business class, with charts and graphs in the background, representing concepts like finance and marketing.

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

10 Questions2 MinutesCreated by LearningLion42

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

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

IGCSE Business

Mastering IGCSE Business Concepts

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