U4 AOS 1 Bus Man Section 4 Quiz - Driving Forces

If a business discovers that one of its products is unsafe, is this a driving force for change?

• Yes

• No

Managers will push for changes that will lead to a better outcome and more efficient achievement of __________________ .

• business objectives

• return on shares

• an improved market share

Employees working in an _______ environment, where ideas are shared and action on, are more likely to recommened beneficial changes.

• innovative

• laizzaire-faire

• autocratic

• micro-managed

Google uses a 20/80 model, where workers spend 80% of their time on company work, and 20% pursuing their own projects. This fosters change amongst which stakeholder group?

• managers

• employees

• competitors

• customers

Businesses must monitor the activities of their (a)   and determine what effect this may have on the marketplace, to identify necessary changes.

Coles and Woolies have both reduced prices staples such as milk, to $2 a litre, even when this means that they sell the product at a loss. This is an example of a ___________ influenced by the behaviour of a direct competitor.

• pricing policy

• loss-leader

• adoption of new technologies

• advertising campaign

Another word for legislation is ____ .

• regulatory bodies

• government

• law

• parliament

Sourcing materials from a cheaper supplier or downsizing the workforce are both examples of ______ .

• technological changes

• cost-reduction strategies

• profit-raising forces

• globalisation pressures

Globalisation is:

• the introduction of the internet to make us closer to others in the world. 
• the breakdown of traditional barriers between nations through technology and transport
• faster travel around the world
• the movement of people and ideas around the world.

You don't need to challenge the status quo to innovate.

• TRUE

• FALSE