Quiz

Quiz: Spotting Business Opportunities in Real Markets

WJEC Eduqas GCE A LEVEL in BUSINESS specification

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Steps in this lesson (10)

1
Text

Building on what you've learned about enterprise, SMEs, and identifying business opportunities, let's test your knowledge of spotting opportunities in real markets!

2
Multiple ChoiceInteractive

What is the main purpose of market segmentation?

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3
Multi-SelectInteractive

Which of the following are examples of business opportunities? (Select all that apply)

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4
Fill in the BlankInteractive

Businesses use {{blank0}} research to gather information directly from customers and {{blank1}} research to analyse existing data.

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5
MatchingInteractive

Match the items on the left with their correct pairs on the right

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6
Math EquationInteractive

Calculate the break-even point if fixed costs are £1,000, variable costs per unit are £5, and selling price per unit is £10.

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7
Multiple ChoiceInteractive

What does 'adding value' mean in business?

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8
Multi-SelectInteractive

Which of the following can help a business spot opportunities in real markets? (Select all that apply)

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9
typedAnswer

Match the items on the left with their correct pairs on the right

10
Fill in the BlankInteractive

Businesses often identify opportunities by analysing {{blank0}} feedback and studying market {{blank1}}.

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