BTEC - Internal / External factors
Authored by Conor Sutton
Business
9th - 10th Grade
Used 11+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can an enterprise do to try and manage external factors?
Have a contingency plan
Increase their price
Go into liquidation
Report the external factors to the police
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Costs can go up or down – this is referred to as a _____
start up cost
fixed cost
gross profit
fluctuation.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ are all the elements that go into making products or offering services.
External factors
Raw materials
Internal factors
Economic conditions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an enterprise borrows money, they will pay _____.
VAT.
corporation tax.
an interest charge.
the minimum wage.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the interest rate goes up, an enterprise must _____
pay more interest.
pay higher VAT rates
pay higher corporation tax rates.
pay less interest.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The UK government often makes changes that have a _____________.
minuscule impact on enterprises.
positive impact on enterprises.
negative impact on enterprises.
positive or negative impact on enterprises.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the S in SWOT analysis stand for?
Sales
Strengths
Service
Sector
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