Statistics for Business Management Quiz

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Question	Answer	% Correct
What is meant by a target market?	A group of consumers to whom a company wants to sell its products or services	74%
Name the 4 Ps of the Marketing Mix	Place, Product, Price, Promotion	74%
Which of these is not a protected characteristic in the Equality Act, 2010?	Intelligence	68%
Name the two different types of Market Research	Desk & Field	62%
What is a reference?	Document from your former employer on details of the candidate	60%
What do you add to fixed costs to make the Total Costs	Variable Costs	60%
What is a factor businesses might consider when choosing a supplier?	Lead Time	59%
What type of training gives employees an introduction to the business?	Induction Training	39%
Which of these businesses are not in the Private Sector	Charities	38%
What type of training gives the employee a qualification?	Off-The-Job Training	36%
What is the only Factor that could impact Businesses internally and externally?	Technological	30%
What is Cost of Sales in retailing?	Cost of merchandise	26%
Name the method of production that is where identical products are made on an assembly line?	Flow	26%
What is the philosophy that all employees are responsible for the quality of a business’s products	Quality Management	26%
What is a job analysis?	The process of finding the job vacancy	14%