
Unit 3 Topic 2 - Hostile environments
Authored by Kasey Patikura
Business
12th Grade
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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