Welcome back to Year 12

After expansion and __________________ growth during the establishment state, the business should be at the top of its __________ and its considered to have ____________

• consistent, industry, matured

• steady, market share, grown

• steady, industry, grown

• consistent, competitors, matured

The maturity stage of the business life cycle is generally the __________ that a business will experience.

• best

• hardest

• longest

• easiest

Select all that are challenges face by a business in the maturity stage

• environmental factors

• emerging technologies and innovation

• society or market conditions

• changes in the economy

Select all that are strategies for the maturity stage

• outsourcing

• increase competitiveness

• cut costs

• purchase new technologies

How many possible criteria are there that could be used in evaluation?

• 2

• 3

• 4

• 5

Which evaluation criteria is defined below:

To what degree has the business offered products or services that meet or exceed market standards in relation to other businesses

• Effectiveness

• Stakeholder Satisfaction

• Efficiency

• Competitiveness

Which evaluation criteria is being defined?

To what degree has the business optimised its use of resources and application of process in achieving goals and or objectives?

• Competitiveness

• Effectiveness

• Efficiency

• Stakeholder Satisfaction

In which criteria would you be asked to use an analytical tool?

• Synthesise

• Evaluate

• Analyse

• Explain

In which criteria must you determine the implications for the business?

• Describe

• Synthesise

• Evaluate

• Communicate

How many cognitions are used in general business assessment?

• 3

• 4

• 5

• 6