Competitive Advantage & CSR

Quiz
•
Business
•
9th Grade
•
Medium

Michelle HOOPER
Used 100+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. A competitive advantage is the leverage a business have over its competitors.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. A business can create a competitive advantage by
Decreasing the price
Only selling the product online
Improve the quality of the product or service
Targeting the same market as its competitor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Innovation can help a business increase its competitive advantage.
False
True
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Customer demand is constantly changing due to changes in:
Tastes and fashion
Population (age and gender)
Price of goods and services
All of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit margin:
Can NOT be expressed as a percentage
Indicates the financial health of a business
Healthy profit margins are the same in all industries
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Business can create a competitive advantage by:
Offering a high cost product
Differentiating the product or service
Decreasing productivity
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business can reduce costs by
Eliminating waste
Buying inputs in bulk
Outsourcing or offshoring
All of the above
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