PRACTICE PAPER SET 1, PAPER 1 OCR GCSE
PAPER J204/1
COMPLETE VERIFIED ANSWERS LATEST
VERSION 100% A+ RATED
Q 1. Which One Of The Following Is An Example Of A Business Operating In The Service
Sector?
A. A Producer Of Disposable Nappies
B. A Horticulture Business Producing Raspberries
C. A Construction Business Building Hospitals
D. A Fruit And Vegetable Stall At A Street Market 1
Mark
Q2. Which One Of The Following Best Describes A Partnership?
A. Two Or More Entrepreneurs Protected By Limited Liability
,B. A Family Business In Which All Family Members Are Equal
C. Two Or More Businesspeople Working Within Unlimited Liability
D. Friends Working Together With Few If Any Disagreements 1
Mark
Q3. Which One Of The Following Best Describes Market Share?
A. The Share Price For A Company That’s New To The Market
B. The Total Value Of All The Sales Made By All Producers In A Market
C. One Company’s Sales As A Percentage Of All The Sales In A Sector
D. When Share Prices Rocket After A Successful New Product Launch. 1
Mark
Q4. Which One Of The Following Is A Common Business Objective?
,A. Survival
B. Doing What The Government Wants
C. To Take Over Another Business
D. To Take Risks 1
Mark
Q5. Which One Of The Following Is An Example Of Customer Engagement?
A. Offering A Strong Programme Of Post-Sales Service
B. Strong Customer Loyalty Leading To Increased Profitability
C. Providing Great Personal Service That Delights A Customer
D. Sales Staff Having A Good Level Of Product Knowledge 1
Mark
Q6. Which One Of The Following Would Increase A Company’s Staff Retention?
, A. A Rise In Labour Productivity
B. A Programme Of Delayering The Organisational Structure
C. Introducing Zero Hours Contracts For All Staff
D. Working Harder To Recruit The Right Person For Each Job 1
Mark
Q7. Which One Of The Following Is A Good Example Of Price Skimming?
A. Setting A Price In Order To Maximise Sales And Market Share
B. Setting A High Price, To Maximise Profit Margins And A Quality Image
C. Setting A Low Price To Attract In A Huge Number Of Customers
D. Setting A Price That’s The Same As Your Main Rivals 1
Mark
Q8. Which One Of These Sources Would Provide Information On The UK Population?
A. Focus Groups
PAPER J204/1
COMPLETE VERIFIED ANSWERS LATEST
VERSION 100% A+ RATED
Q 1. Which One Of The Following Is An Example Of A Business Operating In The Service
Sector?
A. A Producer Of Disposable Nappies
B. A Horticulture Business Producing Raspberries
C. A Construction Business Building Hospitals
D. A Fruit And Vegetable Stall At A Street Market 1
Mark
Q2. Which One Of The Following Best Describes A Partnership?
A. Two Or More Entrepreneurs Protected By Limited Liability
,B. A Family Business In Which All Family Members Are Equal
C. Two Or More Businesspeople Working Within Unlimited Liability
D. Friends Working Together With Few If Any Disagreements 1
Mark
Q3. Which One Of The Following Best Describes Market Share?
A. The Share Price For A Company That’s New To The Market
B. The Total Value Of All The Sales Made By All Producers In A Market
C. One Company’s Sales As A Percentage Of All The Sales In A Sector
D. When Share Prices Rocket After A Successful New Product Launch. 1
Mark
Q4. Which One Of The Following Is A Common Business Objective?
,A. Survival
B. Doing What The Government Wants
C. To Take Over Another Business
D. To Take Risks 1
Mark
Q5. Which One Of The Following Is An Example Of Customer Engagement?
A. Offering A Strong Programme Of Post-Sales Service
B. Strong Customer Loyalty Leading To Increased Profitability
C. Providing Great Personal Service That Delights A Customer
D. Sales Staff Having A Good Level Of Product Knowledge 1
Mark
Q6. Which One Of The Following Would Increase A Company’s Staff Retention?
, A. A Rise In Labour Productivity
B. A Programme Of Delayering The Organisational Structure
C. Introducing Zero Hours Contracts For All Staff
D. Working Harder To Recruit The Right Person For Each Job 1
Mark
Q7. Which One Of The Following Is A Good Example Of Price Skimming?
A. Setting A Price In Order To Maximise Sales And Market Share
B. Setting A High Price, To Maximise Profit Margins And A Quality Image
C. Setting A Low Price To Attract In A Huge Number Of Customers
D. Setting A Price That’s The Same As Your Main Rivals 1
Mark
Q8. Which One Of These Sources Would Provide Information On The UK Population?
A. Focus Groups
