Lesson 1.2.4a
1.2.4a Strengths and weaknesses of competitors Quiz: Pearson Edexcel Business, Unit 2
20 questions
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Lesson 1.2.4a, Strengths and weaknesses of competitors: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 2: Spotting a business opportunity, written with Revision Ninja.
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The 20 questions
-
Which of these is a typical business strength?
- Prime high-street location
- Outdated technology
- Poor customer service
- High staff turnover
-
Which of these represents a clear business weakness?
- High employee morale
- Limited product range
- Strong brand loyalty
- Low operating costs
-
A competitor offers poor customer service. Which area of competition is this?
- Price
- Customer service
- Product range
- Location
-
What is a major competitor strength regarding pricing?
- Lower prices
- Fewer product lines
- Slower delivery times
- Higher tax rates
-
High product quality with restricted opening hours represents what?
- Strength and weakness
- Zero market presence
- Total business failure
- Pure competitive advantage
-
Why do businesses analyse competitor strengths and weaknesses?
- To increase staff turnover
- To exploit rival gaps
- To pay less tax
- To reduce product safety
-
Which of these is a location-based competitive strength?
- High footfall area
- Remote industrial estate
- Hidden side street
- Isolated rural outpost
-
How might a rival's very wide product range affect a new market entrant?
- Faster patent approval
- Cheaper raw materials
- Harder attracting customers
- Easier cutting costs
-
Selling only one type of coffee demonstrates which weakness?
- Excessive product choice
- Narrow product range
- Overpriced menu items
- Poor store location
-
Which of these is a strength in customer service?
- Fast query resolution
- Ignored customer complaints
- Slow email replies
- Unhelpful phone staff
-
Above-average prices and poor reviews indicate what type of factors?
- Operational advantages
- Key competitive strengths
- Multiple business weaknesses
- Financial efficiencies
-
What is the most crucial factor when comparing a competitor's business location?
- Accessibility
- Staff uniform
- Logo design
- Colour scheme
-
Offering free delivery as a competitive advantage is an example of what?
- Fixed cost
- Convenience
- Batch production
- High inflation
-
Which metric is most useful for judging a competitor's strengths?
- Customer reviews
- Manager age
- Company logo
- Office stationery
-
Which pricing strategy error represents a competitor weakness?
- Overpricing
- High quality
- Quick delivery
- Friendly staff
-
If a rival has an excellent location but very high prices, what are high prices?
- A weakness
- A strength
- Fixed overhead
- Net profit
-
A competitor offers a very narrow product range. Which area of competition is this?
- Price
- Customer service
- Product range
- Location
-
Staff who are knowledgeable and help customers choose products show a strength in what?
- Raw materials
- Production method
- Business finance
- Customer service
-
A rival located on a quiet street with low customer footfall suffers from what?
- Poor location
- High liquidity
- High inflation
- Excess capital
-
What is the best baseline to use when comparing a competitor's prices?
- Market average
- Total overheads
- Net cash flow
- Gross profit
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