Welcome to the Knowledge Mouse Online Quiz
Unit 1 Revision
| Questions |
Answers |
| "A named product which customers see as being different from other products and which they can associate with." |
Brand |
| "The probability of a negative event occuring." |
Calculated Risk |
| "When a business can no longer pay its debts." |
Insolvency |
| "A tax paid on the value of sales; it is paid by businesses to the government." |
VAT |
| "The amount consumers are willing and able to buy at a given price." |
Demand |
| "The percentage reward or payment over a period of time given to savers or paid by borrowers on savings or loans." |
Interest Rate |
| "The sale of a good or service to a foreign buyer that leads to a flow of money into the UK." |
Export |
