Economics And Business Quiz: Strategy & Policy

Approved & Edited by ProProfs Editorial Team

The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.

Learn about Our Editorial Process

| By LeeTraylor

LeeTraylor

Community Contributor

Quizzes Created: 2 | Total Attempts: 7,465

Questions: 30 | Attempts: 2,298 | Updated: Mar 21, 2023

Questions

Settings

Feedback

During the Quiz End of Quiz

Play as

Quiz Flashcard

Create your own Quiz

Economics And Business Quiz: Strategy & Policy - Quiz

Economics and business are quite interesting to study as they are living subjects. The quiz below tests your knowledge of different business conditions and policy-related issues. All the best in the quiz as you gain more knowledge.

Questions and Answers

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

Current Version
Mar 21, 2023

Quiz Edited by
ProProfs Editorial Team
Aug 02, 2010

Quiz Created by
LeeTraylor

Economics And Business Quiz: Strategy & Policy

The size of pricing and differentiation advantages between competitors decreases in which stage of the market life cycle?

Outback Steakhouse has developed a sophisticated quantitative model and found that there were positive relationships between employee satisfaction, customer satisfaction, and financial results. According to the text, this is an example of _____________________.

Crowdsourcing can be defined as _______________________.

Interest rate increases have a impact on the residential home construction industry and a ___ effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.

Examples of ___________ include: “to be the happiest place on earth” (Disney), and “restoring patients to full life” (Medtronic).

All of the following are types of information that a firm is required to disclose except _______________.

Recently, a knowledge worker’s loyalty to his or her employing firm has __________ compared to his or her loyalty to his or her profession and colleagues.

According to the text, all of the following might make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation except ________________________.

The sale of Boeing’s commercial aircraft and Microsoft’s operating systems in many countries enable these companies to benefit from _____________.

_______ may be time consuming and, therefore, firms may forfeit the benefits of speed that growth through _ and _______ can provide.

Which of the following is not one of the functions of reward and incentive systems?

ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of a concern for _______________.

Which of the following statements about the introduction stage of the market life cycle is true?

Which of the following examples demonstrates how successful organizations manage their primary activities?

Netflix CEO Reed Hastings made this important observation about dealing with rivals:

Appreciation of the U.S. dollar will have the following impact on McDonald’s:

Cirrus aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capacity over the next 2 years. What type of competitive action does this represent?

Which of the following is not one of the characteristics of a contemporary control system?

The least effective way to retain human capital is _______________.

Divesting businesses can accomplish many different objectives. These include __________.

Although general administration is often viewed only as overhead expense, it can become a source of competitive advantage. Examples include all of the following except ______________.

High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

One of the reasons the Internet is eroding sustainable competitive advantage is __________.

Informational control systems ask ______________.

All of the following are the benefits of diversity in a firm’s workplace except ___________.

All of the below are factors that affect how a competitor will respond to a competitive attack except _____________________.

All of the following are potential pitfalls of an integrated overall low cost and differentiation strategy except __________________.

Vertical integration is attractive when _____________________.

Industries in which proportionally more value is added in _ activities are more likely to benefit from a ___ strategy.

Economics And Business Quiz: Strategy & Policy

The size of pricing and differentiation advantages between competitors decreases in which stage of the market life cycle?

Outback Steakhouse has developed a sophisticated quantitative model and found that there were positive relationships between employee satisfaction, customer satisfaction, and financial results. According to the text, this is an example of _____________________.

Crowdsourcing can be defined as _______________________.

Interest rate increases have a ____________ impact on the residential home construction industry and a _______________ effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.

Examples of ___________ include: “to be the happiest place on earth” (Disney), and “restoring patients to full life” (Medtronic).

All of the following are types of information that a firm is required to disclose except _______________.

Recently, a knowledge worker’s loyalty to his or her employing firm has __________ compared to his or her loyalty to his or her profession and colleagues.

According to the text, all of the following might make it difficult for entrepreneurial firms to effectively pursue a strategy of differentiation except ________________________.

The sale of Boeing’s commercial aircraft and Microsoft’s operating systems in many countries enable these companies to benefit from _____________.

_____________ may be time consuming and, therefore, firms may forfeit the benefits of speed that growth through _____________ and _____________ can provide.

Which of the following is not one of the functions of reward and incentive systems?

ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of a concern for _______________.

Which of the following statements about the introduction stage of the market life cycle is true?

Which of the following examples demonstrates how successful organizations manage their primary activities?

Netflix CEO Reed Hastings made this important observation about dealing with rivals:

Appreciation of the U.S. dollar will have the following impact on McDonald’s:

Cirrus aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capacity over the next 2 years. What type of competitive action does this represent?

Which of the following is not one of the characteristics of a contemporary control system?

The least effective way to retain human capital is _______________.

Divesting businesses can accomplish many different objectives. These include __________.

Although general administration is often viewed only as overhead expense, it can become a source of competitive advantage. Examples include all of the following except ______________.

High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

One of the reasons the Internet is eroding sustainable competitive advantage is __________.

Informational control systems ask ______________.

All of the following are the benefits of diversity in a firm’s workplace except ___________.

All of the below are factors that affect how a competitor will respond to a competitive attack except _____________________.

All of the following are potential pitfalls of an integrated overall low cost and differentiation strategy except __________________.

Vertical integration is attractive when _____________________.

Industries in which proportionally more value is added in ___________ activities are more likely to benefit from a _____________ strategy.

Interest rate increases have a impact on the residential home construction industry and a ___ effect on industries that produce consumer necessities such as prescription drugs or basic grocery items.

_______ may be time consuming and, therefore, firms may forfeit the benefits of speed that growth through _ and _______ can provide.

Industries in which proportionally more value is added in _ activities are more likely to benefit from a ___ strategy.