Quiz: Analysing Data to Support Decisions
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about presenting and interpreting business data, let's test your understanding of analysing data to support decisions!
What is the primary purpose of analysing business data?
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Which of the following are benefits of analysing business data effectively? (Select all that apply)
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Businesses analyse data to identify {{blank0}} trends and make {{blank1}} decisions.
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Match the items on the left with their correct pairs on the right
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If a business earns £10,000 in revenue and has costs of £6,000, what is the profit?
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Which of the following is an example of primary research data?
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Which of the following methods can businesses use to collect primary data? (Select all that apply)
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The {{blank0}} is used to identify the break-even point, which is where total {{blank1}} equals total costs.
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Match the items on the left with their correct pairs on the right
What is the term for the process of dividing a market into smaller groups based on shared characteristics?
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