Lesson 2.1.2b
2.1.2b How aims and objectives change as businesses evolve Quiz: Pearson Edexcel Business, Unit 6
20 questions
In partnership with Revision Ninja
Lesson 2.1.2b, How aims and objectives change as businesses evolve: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 6: Growing the business, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
A business whose main aim is to keep trading during a downturn is focusing on:
- exporting
- takeover
- survival
- rapid growth
-
What does entering a market mean for a business?
- Closing down all branches
- Reducing total staff
- Slicing product ranges
- Selling to new customers
-
What does exiting a market mean for a business?
- Expanding product lines
- Opening new stores
- Stopping all sales
- Hiring more staff
-
What is it called when a business decides to add more products to its range?
- Retrenchment
- Market penetration
- Horizontal integration
- Range expansion
-
Which business action represents a change focused specifically on growth?
- Selling off assets
- Making staff redundant
- Opening new stores
- Filing for bankruptcy
-
What action does a business focused on survival typically take?
- Expanding branches
- Increasing hiring
- Cutting costs
- Launching products
-
Which change indicates a business moving from survival to growth?
- Reducing workforce
- Closing branches
- Hiring more staff
- Cutting product range
-
What is it called when a firm reduces its product offerings to save money?
- Horizontal integration
- Product range reduction
- Market penetration
- Diversification
-
Why might a business cut its workforce from 200 to 120 due to falling demand?
- To franchise
- To merge
- To survive
- To diversify
-
What primary aim is shown when a profitable restaurant chain opens new branches?
- Growth
- Survival
- Retrenchment
- Liquidation
-
What is it called when a company stops selling in a foreign country after making losses?
- Market mapping
- Exiting a market
- Market skimming
- Market entry
-
A firm changes its aim from market share to cash flow. What does this show?
- External expansion
- Shift to growth
- Shift to survival
- Global integration
-
What focus is shown when a shop triples its clothing ranges following high demand?
- Survival focus
- Growth focus
- Liquidation focus
- Cost-cutting focus
-
What is the most likely reason a business exits a newly entered market?
- Staff surpluses
- Excessive profits
- Persistent losses
- High tax rebates
-
What action occurs when a bakery drops old cakes and adds new breads?
- Swapping products
- Mass expansion
- Pure liquidation
- Market exit
-
Which combination of changes signals a business moving towards survival in a recession?
- Cuts and closures
- Rapid expansion
- Mass hiring
- Branch doubling
-
Why do growth-focused businesses enter new markets instead of just raising prices?
- To add sales volume
- To avoid customers
- To lower overheads
- To reduce staffing
-
Why might a firm exit a profitable market to focus its strategy elsewhere?
- Strategic alignment
- Forced liquidation
- Mandatory quotas
- Legal bankruptcy
-
Why might a firm reduce its product range yet increase its workforce?
- Sudden bankruptcy
- Higher-value products
- Total liquidation
- Falling demand
-
What market condition most commonly forces a growth business to switch back to survival?
- Falling demand
- Rising profits
- Surplus tax
- Excess cash
Related quizzes
- Internal (organic) growth: new products and new markets Quiz · 2.1.1a · 20 questions
- External (inorganic) growth: merger and takeover Quiz · 2.1.1b · 20 questions
- Public limited companies and finance for growing businesses Quiz · 2.1.1c · 20 questions
- Reasons aims and objectives change Quiz · 2.1.2a · 20 questions
- Imports, exports, changing locations and multinationals Quiz · 2.1.3a · 20 questions
- Barriers to international trade: tariffs and trade blocs Quiz · 2.1.3b · 20 questions
- How businesses compete internationally Quiz · 2.1.3c · 20 questions
- Ethical considerations and trade-offs with profit Quiz · 2.1.4a · 20 questions
- Environmental considerations, sustainability and pressure group activity Quiz · 2.1.4b · 20 questions
- Changing technology, changing consumer wants and obsolescence Quiz · 1.1.1a · 20 questions