a Short Business Management Test Quiz Part- VI

14 Questions | Total Attempts: 82

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Business Management Quizzes & Trivia

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

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