
Topic 4 Management
Quiz
•
Business
•
University
•
Practice Problem
•
Hard
Sok Bee Tang
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a manager attempts to monitor current events in the business environment to forecast future trends, we say that he or she is practicing ______
environmental scanning
horizontal integration
diversification
value-chain analysis
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nissan has launched a new car and offered a 5-year warranty to all customers. Toyota also offered a 5-year warranty to all their new customers.
What is the competitive force that has taken place between Nissan and Toyota, according to the text above?
Threats of new entrants
Threats of substitute products
Rivalry among competitors
Bargaining power of suppliers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a strength for an organisation?
Low labour turnover.
Small competitors in the home market.
New market opportunities in Poland.
Presence of non-price competition.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In March 2022, Louis Vuitton (LV) announced closure of its 120 stores in Russia, given the current circumstances in the region due to the Russo-Ukrainian War. What is the corporate strategy adopted by LV in Russia?
Growth
Defensive
Stability
Diversification
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Louis Vuitton (LV) was in the first place in the BrandZ's top 10 most valuable luxury brands in 2019, with a worth of $47.2 billion.
Cost-leadership
Differentiation
Cost-focus
Focus-differentiation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economists make assumptions based on the past data of GDP to estimate the next recession. They are using ____________
Life-cycle analysis
contingency planning
trend analysis
market survey analysis
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