Question 1
Which sector of the economy includes charities, voluntary groups and social enterprises whose primary purpose is not profit?
Correct Answer:
Third sector
Question 2
A large UK retailer buys a chain of warehouses to control its own logistics. This is an example of:
Correct Answer:
Backward vertical integration
Question 3
Which business objective involves making just enough profit to keep stakeholders satisfied rather than maximising profit?
Correct Answer:
Satisficing
Question 4
Which form of business is owned by its members, who share profits and decision-making equally?
Correct Answer:
Co-operative
Question 5
The acronym PESTEC adds which factor compared to the older PEST framework?
Correct Answer:
Environmental and Competitive
Question 1
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About this Exam

Prepare with the Higher Business Management Practice Questions - Higher Business Management (C810 76) Exam practice quiz. This question bank includes 100 questions covering profit, company, because, firm, and business. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Higher Business Management Practice Questions - Higher Business Management (C810 76) Exam

This practice set contains 100 questions from the matching question bank and focuses on profit, company, because, firm, and business. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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