AQA GCSE BUSINESS FINAL TEST 2026
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◍ Segmentation.
Answer: Breaking the whole market for a product into different groups or
types of consumers with similar needs/wants/characteristics; enables the
marketing mix to be designed to meet their needs more precisely.
◍ Post-sales servicing.
Answer: Maintenance or repair of equipment by the manufacturer or
supplier during or after the warranty.
◍ Not-for-profit organisations.
Answer: Associations, charities, co-operatives or voluntary organisations set
up to further non-monetary ideals such as cultural, educational, religious and
public service. Profits/losses are retained/absorbed.
◍ Qualitative market research.
Answer: Collecting information about potential customers' opinions and
preferences about the attributes/characteristics/properties of a product; open
questions allow respondents to express their own views by not limiting their
responses.
◍ Income statement.
Answer: A summary of the revenue and expenses over an accounting period
that lead to a profit or loss position.
◍ Boston matrix.
Answer: A tool for analysing the contribution made by each product in a
business' product portfolio. It plots each product's position according to its
market share and the rate of growth of the market.
, ◍ Price penetration.
Answer: Fixing a low price when a new product is first introduced (into an
established market) so that the product gains market share quickly. Once the
product is established, the price is then raised so that profit is increased.
◍ Hire purchase.
Answer: Buying items by making a small initial payment and paying the
remaining amount in instalments over an agreed period of time.
◍ Statement of financial position.
Answer: Reports the assets, liability and equity of a business on a specific
date; formerly known as the balance sheet.
◍ Hierarchy.
Answer: The management structure of a business showing the levels of
responsibility. It is often shown as an organisation chart.
◍ Cash inflow.
Answer: Money received by the business from its operations or investments
◍ Induction.
Answer: Training given to a new employee when they start a new job; it
provides information about the business, its operation and working
practices.
◍ PR.
Answer: Managing the relations with groups such as consumers, the media,
pressure groups or investors to present a favourable impression and generate
interest.
◍ Tertiary industry.
Answer: A business that provides services to consumers or other businesses.
◍ Global warming.
Answer: The steady increase in the earth's temperature due to emissions and
the build-up of greenhouse gases, resulting in climate changes.
◍ Wage.
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◍ Segmentation.
Answer: Breaking the whole market for a product into different groups or
types of consumers with similar needs/wants/characteristics; enables the
marketing mix to be designed to meet their needs more precisely.
◍ Post-sales servicing.
Answer: Maintenance or repair of equipment by the manufacturer or
supplier during or after the warranty.
◍ Not-for-profit organisations.
Answer: Associations, charities, co-operatives or voluntary organisations set
up to further non-monetary ideals such as cultural, educational, religious and
public service. Profits/losses are retained/absorbed.
◍ Qualitative market research.
Answer: Collecting information about potential customers' opinions and
preferences about the attributes/characteristics/properties of a product; open
questions allow respondents to express their own views by not limiting their
responses.
◍ Income statement.
Answer: A summary of the revenue and expenses over an accounting period
that lead to a profit or loss position.
◍ Boston matrix.
Answer: A tool for analysing the contribution made by each product in a
business' product portfolio. It plots each product's position according to its
market share and the rate of growth of the market.
, ◍ Price penetration.
Answer: Fixing a low price when a new product is first introduced (into an
established market) so that the product gains market share quickly. Once the
product is established, the price is then raised so that profit is increased.
◍ Hire purchase.
Answer: Buying items by making a small initial payment and paying the
remaining amount in instalments over an agreed period of time.
◍ Statement of financial position.
Answer: Reports the assets, liability and equity of a business on a specific
date; formerly known as the balance sheet.
◍ Hierarchy.
Answer: The management structure of a business showing the levels of
responsibility. It is often shown as an organisation chart.
◍ Cash inflow.
Answer: Money received by the business from its operations or investments
◍ Induction.
Answer: Training given to a new employee when they start a new job; it
provides information about the business, its operation and working
practices.
◍ PR.
Answer: Managing the relations with groups such as consumers, the media,
pressure groups or investors to present a favourable impression and generate
interest.
◍ Tertiary industry.
Answer: A business that provides services to consumers or other businesses.
◍ Global warming.
Answer: The steady increase in the earth's temperature due to emissions and
the build-up of greenhouse gases, resulting in climate changes.
◍ Wage.
