Year 9 Business Exam Revision with
Complete Solutions
Profit - correct answer-The amount of money a business left when all costs have been
deducted from sales
Growth - correct answer-A business objective that involves the business getting larger
Objective - correct answer-A target a business sets itself
Mission Statement - correct answer-A summary of what the business wants to achieve
Survival - correct answer-A business objective where the business simply wants to
survive
Promotional - correct answer-A method of pricing that uses specials and temporary
deals
Decline - correct answer-A stage of the product life cycle where sales of a product are
falling
Quality Control - correct answer-Checking quality only at the end of production
Benchmarking - correct answer-Identifying a perfect way of doing something then
always copying that model
Secondary - correct answer-The stage of production that involves manufacturing
products
Penetration - correct answer-A pricing method where the price starts out low then later
rises
Labour Productivity - correct answer-Calculating how hard your workers are working
Sales Promotions - correct answer-Methods of promoting your product that encourage a
customer to buy a product there and then
TQM - correct answer-Where quality is checked by every person at every stage of
production
Specific - correct answer-The S in SMART stands for...
Complete Solutions
Profit - correct answer-The amount of money a business left when all costs have been
deducted from sales
Growth - correct answer-A business objective that involves the business getting larger
Objective - correct answer-A target a business sets itself
Mission Statement - correct answer-A summary of what the business wants to achieve
Survival - correct answer-A business objective where the business simply wants to
survive
Promotional - correct answer-A method of pricing that uses specials and temporary
deals
Decline - correct answer-A stage of the product life cycle where sales of a product are
falling
Quality Control - correct answer-Checking quality only at the end of production
Benchmarking - correct answer-Identifying a perfect way of doing something then
always copying that model
Secondary - correct answer-The stage of production that involves manufacturing
products
Penetration - correct answer-A pricing method where the price starts out low then later
rises
Labour Productivity - correct answer-Calculating how hard your workers are working
Sales Promotions - correct answer-Methods of promoting your product that encourage a
customer to buy a product there and then
TQM - correct answer-Where quality is checked by every person at every stage of
production
Specific - correct answer-The S in SMART stands for...
