Real life examples

Question 1

Q: Give a real-world example of a business aiming for profit maximisation.

Answer 1

A: Apple Inc. – Sells high-margin products like iPhones with premium pricing

Question 2

.

Question 4

Q: Which business focuses on growth and market share over short-term profits?

Question 5

A: Tesla – Reinvests profits into R&D and expansion in electric vehicles.

Question 7

Q: Example of a sole trader business.

Question 8

A: A local hairdresser or corner shop – owner makes all decisions and has unlimited liability.

Question 10

Q: Give a real example of a Private Limited Company (Ltd).

Question 11

A: Innocent Drinks – Started small and grew while staying privately owned.

Question 13

Q: Give an example of a Public Limited Company (Plc).

Question 14

A: Rolls-Royce Holdings plc – Listed on the London Stock Exchange.

Question 16

Q: Example of stakeholder conflict in a real business.

Question 17

A: Amazon – Workers demand better pay

Answer 17

while shareholders want high profits.

Question 19

Q: Real-world example of employee-management conflict.

Question 20

A: British Airways – Faced strikes over pay and working conditions.

Question 22

Q: Example of a political or legal factor affecting business.

Question 23

A: Brexit – Jaguar Land Rover had to adjust supply chains due to trade uncertainty.

Question 25

Q: How did COVID-19 affect business environment?

Question 26

A: Boosted Amazon and Zoom demand; hurt high-street retailers like Debenhams.

Question 28

Q: Give an example of mass marketing.

Question 29

A: Coca-Cola – Uses global campaigns and uniform product worldwide.

Question 31

Q: Example of market segmentation in marketing.

Question 32

A: Nike – Targets athletic and youth markets with tailored branding.

Question 34

Q: Real example of lean production in operations.

Question 35

A: Toyota – Uses Kaizen and just-in-time methods to reduce waste.

Question 37

Q: Which company uses flow production for efficiency?

Question 38

A: McDonald’s – Standardized processes for speed and consistency.

Question 40

Q: Example of a business known for employee motivation practices.

Question 41

A: Google – Offers perks and flexibility to improve productivity and morale.

Question 43

Q: Example of scientific management in practice.

Question 44

A: Amazon – High efficiency expectations and productivity tracking.

Question 46

Q: Real example of a company with high gearing using long-term debt.

Question 47

A: Netflix – Funds content creation through borrowing.

Question 49

Q: Example of a startup using crowdfunding or venture capital.

Question 50

A: Monzo Bank – Raised funds through crowdfunding and private investors.