Oxford AQA International AS Level · Business (9625)

The external environment: Practice Questions

5 multiple-choice questions marked as you go, and 1 written questions with worked solutions. All on The external environment.

6 questions8 marksFree, no account

Question 1

1 mark

A business operates in a market where the top four firms account for \( 85\% \) of total sales. This data is best described as the:

Question 2

1 mark

If a government decides to increase interest rates, what is the most likely impact on a business that sells luxury cars on credit?

Question 3

1 mark

An economy is experiencing a significant rise in interest rates. Which of the following combinations correctly identifies the likely impact on a firm's costs and the demand for luxury goods?

Question 4

1 mark

In the context of the external environment, what is meant by a concentration ratio?

Question 5

1 mark

The domestic currency of a country depreciates against the currencies of its major trading partners. Which of the following impacts on the external environment is most likely for a firm that imports raw materials but sells only to the domestic market?

Question 6

3 marks

Calculate the concentration ratio for the top three firms in a market where their individual market shares are \(25\%\), \(18\%\), and \(12\%\) respectively.

Write your answer out first, then check it against the worked solution.

* The content provided by thinka is generated by AI and may not always be accurate or up-to-date. Please use it as a supplementary resource and verify with official materials.

You've seen the model answer. Now get yours marked.

This page can show you how a good answer looks. It cannot tell you what your answer was missing. thinka marks your written work against the real mark scheme in about 15 seconds.

Get My Answers Marked Back to the notes

Want more questions like these? Get a fresh set on this topic, graded as you go.

Practice More