BTEC Business Quiz | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 31 Public

Year 11 Topics Business (all aspects)

Study Slideshow

Give an example of direct marketing

Emails, Direct mail, brochures,

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What is the disadvantage of allowing users to pay via credit card

The business must first buy the card machine, this is a cost / The business also need to have a trained member of staff to run it which is also a cost

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Give an advantage of allowing customers to use online payment apps

Convenient for customer, safer than handling cash, easy to set up for customer,

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What is a direct debit

Used to set up monthly payments that are regular, the amount can change but once set up this is automatically taken from the bank account.

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What is a cash flow forecast

A way to predict and estimate possible cash flow in and out of the business for the months ahead

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Give an example of one of the 5 elements of the Promotional Mix

Advertising. Public relations or publicity. Sales promotion. Direct marketing. Personal selling.

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How can we reduce a negative cash flow?

Find a cheaper supplier, lower wages, reduce expenses (cheaper utility supplier)

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A word to describe surplus money that the business has. Or total assets in the business.

Capital

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Factors that affect the choice of promotional method

Size of budget, Size of enterprise, Target audience,

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The financial document that confirms that a payment has been made

Receipt

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The term that describes the cost to the business in order to create its product/service

Cost of sales

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Turnover - Cost of sales =

Gross Profit Margin

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Give an example of a sales promotion

Discounts, vouchers for money off, group discount bookings, BOGOF, loyalty cards

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The labels needed on a Break even chart are...

Total costs, Total revenue, Fixed costs, Break even point

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Explain a running cost vs a start up cost

Running cost = a payment/expense that is regularly paid to run the business. Start up cost = a cost we pay once to help set up business

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