Which are typical high-value products?, Car, Premium watch, Shampoo, Socks, A profit of £65000 increased by 15% equals what?, £65015, £74750, £9750, £78000, Which is a disadvantage of a sole trader?, Quick setup, Easy decisions, Unlimited liability, Full control, What is diversification?, Closing stores, Price cutting, Lower wages, New products, Which is a specific retail aim?, Increase profits, Work harder, Be successful, Sell products, Which factor matters when sourcing products?, Staff uniform, Supplier reliability, Wall colour, Store music, What is market share?, Total profit, Stock amount, Sales percentage, Shop size, Sales revenue rose from £32000 to £40000. What was the percentage increase?, 15%, 20%, 8%, 25%, Which is one way a retail business can be ethical?, Tax evasion, Misleading ads, Fair trade, Overpricing, Which is an economic factor affecting retailers?, Store layout, Logo design, Fashion trends, Inflation, What scale does GO Outdoors operate at?, Regional, National, Global, Local, What is a niche product?, Seasonal item, Cheap item, Specialist item, Everyday item, Why are out-of-town retail parks useful for large stores?, More space, Fewer customers, Higher rents, Less parking, What does logistics mean in retail?, Designing adverts, Training staff, Setting prices, Moving goods, Why is stock control important?, Delay sales, Avoid shortages, Raise taxes, Reduce choice, What does EPOS stand for?, External product ordering system, Electronic payment on shelves, Easy pricing of stock, Electronic point of sale, One benefit of using technology for stock control is:, Slower sales, Less data, Better accuracy, Higher waste, What is seasonality?, Demand changes yearly, Prices never change, Sales stay equal, Only online selling, Which product is most likely seasonal for GO Outdoors?, Kitchen tiles, School pens, Office chairs, Ski goggles, Which is a social factor affecting retail demand?, Interest rates, Lifestyle changes, Corporation tax, Exchange rates, What type of shop is Grab N Go?, Department store, Catalogue store, Convenience store, Factory outlet, What is an urban location?, Built-up area, Coastal cliff, Remote village, Farm location, Which technology could improve convenience store customer satisfaction?, Typewriter, Fax machine, Paper ledger, Self-checkout, How can marketing improve awareness?, Cut wages, Use promotion, Close earlier, Reduce stock, Which growth option increases selling space at the current site?, Store expansion, Market exit, Downsizing, Delisting, Why might opening a second shop help Grab N Go?, Lower reach, Less presence, New customers, Fewer sales, What is one likely benefit of refurbishing the current shop?, Poorer layout, Less capacity, Lower awareness, Better experience, What is a partnership?, One owner, Public charity, Shared ownership, Government business, What is a private limited company?, Limited liability business, Nonprofit group, State-owned business, One-person firm, Why might partners choose private limited company status?, No records, Limited liability, No ownership, Unlimited debts.

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