Unit 3 Topic 2 - Hostile environments

Unit 3 Topic 2 - Hostile environments

12th Grade

15 Qs

quiz-placeholder

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Unit 3 Topic 2 - Hostile environments

Unit 3 Topic 2 - Hostile environments

Assessment

Quiz

Business

12th Grade

Medium

Created by

Kasey Patikura

Used 5+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A hostile environment is:

a situation in which businesses actively compete against one another for customer attention and market share

specifying the vision and strategy the business seeks to develop over time

a group of businesses producing products or services that are close substitutes

a key factor that differentiates one product for another

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

____________ specifies the vision and strategy the business seeks to develop over time, framed within the context of environmental factors.

strategic development

industry

strategic direction

economies of scale

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

to successfully operate in a dynamic, hostile environment, all business must be aware of _____________ and alter their ___________ accordingly

- the economy - taxes

- environmental conditions and trends - Strategic direction

- internal operating factors - business plan

- competitors - product

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

_______________ is characterised as having a large number of businesses that offer similar, but slightly different, products to the market.

monopolistic competition

oligopolies

market power

duopoly

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

USP stands for?

Unique Sales Power

Unified Selling People

Unique Sales Power

Unique Selling Proposition

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For true ____________ to occur, the leading four business in the industry should account for between 60 - 80 per cent of the market

Monopolistic

Duoploy

Market Power

Oligopoly

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Telstra and Optus would be an example of a ___________ in the telecommunications industry

Oligopoly

Duopoly

Monopoly

monopolistic environment

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