Lesson 1.1.1a

1.1.1a Changing technology, changing consumer wants and obsolescence Quiz: Pearson Edexcel Business, Unit 1

20 questions

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Lesson 1.1.1a, Changing technology, changing consumer wants and obsolescence: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 1: Enterprise and entrepreneurship, written with Revision Ninja.

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The 20 questions

  1. Which technological change often creates a new business opportunity for entertainment firms?

    • Wired telephony
    • Paper printing
    • Video streaming
    • Manual filing
  2. What term describes a product that is no longer used because something newer replaced it?

    • Obsolete
    • Inflated
    • Liquidated
    • Bankrupt
  3. Customers increasingly asking a bakery for gluten-free bread shows which market shift?

    • Corporation tax
    • Interest rates
    • Exchange rates
    • Consumer wants
  4. Which business action best responds directly to changing consumer wants?

    • Relocating the factory
    • Increasing product prices
    • Adding gluten-free options
    • Reducing staff numbers
  5. What is a product called when a newer version replaces it and demand falls?

    • Veblen good
    • Inferior good
    • Gilt-edged security
    • Obsolete product
  6. Sales of paper maps falling because drivers use phone satellite navigation is caused by what?

    • Higher inflation
    • Technology change
    • Lower taxation
    • Increased wages
  7. What should a toy firm do first when digital tablets replace traditional board games?

    • Increase advertising spend
    • Decrease employee wages
    • Develop new products
    • Sell fixed assets
  8. Which item is most likely to become obsolete due to digital technology?

    • Cassette player
    • Steel girder
    • Glass bottle
    • Wooden chair
  9. Why should a business spot product obsolescence early?

    • Plan product replacements
    • Pay higher dividends
    • Increase loan capital
    • Reduce staff holidays
  10. A firm shifting advertising online because customers use smartphones reflects which change?

    • Legal reform
    • Tax increase
    • Technology change
    • Economic boom
  11. Which action shows a hotel responding to new technology?

    • Printed brochures
    • Postal reservation forms
    • Telephone switchboard
    • Online booking system
  12. What phrase describes how business environments keep changing over time?

    • Dynamic business
    • Static economy
    • Constant trade
    • Fixed market
  13. What should a bookshop owner do first when e-book sales start reducing footfall?

    • Ignore the trend
    • Research customer wants
    • Liquidate the firm
    • Reduce opening hours
  14. Which item often becomes obsolete because of shifting fashion and consumer tastes?

    • Copper wire
    • Standard bricks
    • Plain flour
    • Flared trousers
  15. What is the main effect of product obsolescence on a single-product firm's sales?

    • Sales will fall
    • Costs will vanish
    • Sales will double
    • Profits will triple
  16. What causes a product to become obsolete when consumer needs shift?

    • Technological advance
    • Higher inflation
    • Increased wages
    • Lower taxation
  17. What makes business planning difficult in fast-moving markets?

    • Constant costs
    • Fixed prices
    • Stable demand
    • Unreliable forecasts
  18. What technological change often makes traditional fax orders redundant?

    • Online ordering
    • Postal delivery
    • Paper invoicing
    • Landline phones
  19. What is the main risk if a business ignores changing consumer wants?

    • Rising output
    • Lower costs
    • Higher profits
    • Falling sales
  20. Which primary factor drives the creation of internet-connected smart devices?

    • Manual production
    • Static demand
    • Changing technology
    • Fixed pricing

All Pearson Edexcel Business quizzes