Question detail

StyleHub serves business clients while changing promotion; the case evidence includes supplier lead time of ?1,807, sales of 277 units, and a 34% change in costs or demand. Which option best applies Calculate revenue, costs and profit?

Try the question, check the answer, then read the explanation to understand the curriculum point.

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At a glance

MCQ

Type

practice

Style

Topic

Quantitative skills in business

Question

A. Use profit, revenue, costs to judge customer retention, shareholders impact, and the business objective in Calculation requirements.
B. Give only a definition of Quantitative skills in business without using the case evidence.
C. Treat margin and markup as identical and ignore the effect on shareholders.
D. Choose the largest sales figure without checking costs, finance, or context.

Answer

The correct option is: Use profit, revenue, costs to judge customer retention, shareholders impact, and the business objective in Calculation requirements.

Explanation

The answer is commercially strongest because Use profit, revenue, costs to judge customer retention, shareholders impact, and the business objective in Calculation requirements. The case evidence gives ?3,307, 277 units, and 34%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse margin and markup, miss the shareholders, or ignore the business objective.

Common mistake

Calculation requirements common mistake 1

Giving a vague answer instead of directly addressing: Calculate revenue, costs and profit..

Answer by clearly explaining how to calculate revenue, costs and profit..

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Northline Gym serves commuters while opening a second outlet; the case evidence includes net profit margin of ?10,383, sales of 143 units, and a 30% change in costs or demand. Which option best applies Calculate revenue, costs and profit?