a Short Business Management Test Quiz Part- VI

14 Questions | By Jacksonmatthews | Updated: Feb 13, 2023 | Attempts: 245

Questions

Settings

Create your own Quiz

a Short Business Management Test Quiz Part- VI - Quiz

Questions and Answers

1.

A business objective should state what the organisation is trying to achieve and why it is trying to achieve it.
- A.
  
  True
- B.
  
  False
2.

Analysis of an organisations strengths and weaknesses against the opportunities and threats that the environment offers is known as a analysis.
- A.
  
  TOWS
- B.
  
  STOW
- C.
  
  SWOT
3.

Market conditions have not changed much in recent years.
- A.
  
  True
- B.
  
  False
4.

Can suppliers minimise the power of buyers through product differentiation?
- A.
  
  Yes
- B.
  
  No
5.

An urgent need to satisfy customer demand and maintain market share can deflate costs and overload the production staff.
- A.
  
  True
- B.
  
  False
6.

Critical success factors (CSFs) can be divided into how many types?
- A.
  
  Three
- B.
  
  Four
- C.
  
  Five
- D.
  
  Six
7.

Scenario planning is one way that can help managers to understand the future and to reduce the risks.
- A.
  
  True
- B.
  
  False
8.

The Term E-V-R refers to the demands of environment with the values and resilience of the business.
- A.
  
  True
- B.
  
  False
9.

Closed business objectives usually refer to the achievement, within a given timescale, of a target level of one of the following four:
- A.
  
  Profit
- B.
  
  Return on investment
- C.
  
  Business prospects
- D.
  
  Growth of turnover
- E.
  
  Market share
10.

Customers can the power of suppliers by claiming that the benefits of product differentiation are of no value to them.
- A.
  
  Reduce
- B.
  
  Increase
11.

As profits increase within a business sector, it will become more attractive to other companies. They will try to enter the sector, particularly if the entry are low.
- A.
  
  Gates
- B.
  
  Levels
- C.
  
  Barriers