Edexcel B Theme 1 Practice Questions

The economic problem, business objectives, stakeholders and CSR · 22 questions

• 1.1.1 The Economic Problem 7 questions
• 1.1.2 Business Objectives 8 questions
• 1.1.3 Stakeholders and Their Objectives 7 questions

Entrepreneurs, factors of production, specialisation and the wider economy · 32 questions

• 1.2.1 Role of an Entrepreneur 6 questions
• 1.2.2 Entrepreneurial Motives 6 questions
• 1.2.3 Factors of Production 6 questions
• 1.2.4 Specialisation 6 questions
• 1.2.5 The Wider Economic Environment 8 questions

Demand, supply, price determination, market research and competition · 41 questions

• 1.3.1 Demand 7 questions
• 1.3.2 Supply 7 questions
• 1.3.3 Price Determination 7 questions
• 1.3.4 Price Mechanism 7 questions
• 1.3.5 Understanding the Consumer 6 questions
• 1.3.6 The Competition 7 questions

Banks, risk and liability, and sources of finance · 22 questions

• 1.4.1 Role of Banks in the Economy 7 questions
• 1.4.2 Risk and Liability 7 questions
• 1.4.3 Types and Sources of Credit 8 questions

Externalities, intervention methods and government failure · 14 questions

• 1.5.1 Market Failure and Externalities 7 questions
• 1.5.2 Government Intervention and Failure 7 questions

Revenue and costs, break-even, profit margins and cash flow · 27 questions

• 1.6.1 Revenue and Costs 6 questions
• 1.6.2 Break-Even Analysis 7 questions
• 1.6.3 Profit and Loss 7 questions
• 1.6.4 Business Survival and Cash Flow 7 questions