Which of the following is the main goal of promotion?

to convey a message inexpensively

to have the right goods available

Organisational culture is:

a factor within the internal operating environment that refers to the values and attitudes held by the company

a factor within the internal operating environment that refers to the employee's customer service

a factor within the external operating environment that refers to the structure of the company

a factor within the external operating structure that refers to the relationship the company holds with special interest groups

External operating factors are those that:

are outside the business but directly affect it

affect the entire business landscape at a national level

are within the business and affect it's day-to-day operations

The external macro-environment refers to:

a broad array of factors that affect the industry at large

factors that affect the day-to-day operations of a business

factors within a business' control

An example of a socio-cultural factor that a business might need to consider is:

not offending certain minority groups

the exchange rate of the local currency

the laws relating to workplace health and safety

a competitive company's productivity

The post-maturity and maturity stage can be differentiated as:

one is at the top of its game, and the other will require re-invention to avoid shrinking

they can not - they are identical

one is associated with growth, and the other diminishing returns

one is concerned with testing products, while the other has completed products that are newly ready to sell

A challenge of the start-up stage is generally...

acquiring funds and engaging with customers

creating something with minimal resources

creating something that is the best in it's field

staying ahead of the competition

12 Business quiz 1

Authored by Mandy Schnitzerling

Business

12th Grade

Used 13+ times

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MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one is NOT a stage in the PLC?

maturity

decline

growth

development

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which stage has rapid sales?

seed

maturity

decline

growth

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which stage has lots of competitors?

growth

maturity

seed

decline

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What stage would a business have large market share?

seed

growth

maturity

decline

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What stage has least competitors?

seed

maturity

decline

growth

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the last stage of the business life cycle?

maturity

establishment

post-maturity

growth

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business may be in a steady state, renewal or decline of the business life cycle.

Growth

Maturity

Establishment

Post-Maturity

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12 Business quiz 1

Which one is NOT a stage in the PLC?

Which stage has rapid sales?

Which stage has lots of competitors?

What stage would a business have large market share?

What stage has least competitors?

What is the last stage of the business life cycle?

The business may be in a steady state, renewal or decline of the business life cycle.

The owners must decide whether to reignite growth, sell or close the business during this stage.

Some growth may still occur but not at the same rate as previously

Challenges include new competitors, not getting too comfortable in the market and giving control over to reliable staff.

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