Which of the following is considered a business environment?

• Internal

• Operating

• Macro

• All of the above

Which of the following describes a role of workers’ unions?

• To uphold the rights of workers

• To increase productivity within businesses

• To ensure every worker is contributing positively to the profitability of the business

• All of the above

Which of the following factors would not be considered by a business when planning for its supply chain?

• The price of the goods supplied

• The efficiency of delivery

• The rate at which stock is used

• The share price of the supplier on the ASX

Which of the following best defines the term ‘supply chain’?

• A supply chain is the method of transport used to deliver goods from a supplier to the business.

• A supply chain is the network of suppliers from which the business purchases resources.

• A supply chain is the way in which the business supplies its goods to the customer after production.

• A supply chain is the steps that are required to produce the end product of the business.

To which of the following business environments do competitors belong?

Responses

• Internal

• Operating

• Macro

• Micro

Which of the following would be considered a direct competitor of the Australia New Zealand bank?

• Qantas

• Holden

• Commonwealth Bank of Australia

• All of the above

Which of the following DO NOT generally reflect recent consumer trends in Australia?

• An increased demand for environmentally friendly products

• An increased demand for cheap, low quality goods

• An increased demand for high quality products

• An increased demand for products that are produced in a socially responsible way

Which of the following is the main reason why a business needs to recognise and assess changes in consumer tastes?

• To consistently satisfy the needs and wants of its customers

• To ensure the business stays profitable

• To assure the ongoing viability of the business

• All of the above

Which of the following is not a specific focus of the triple bottom line?

• Financial performance

• Productivity

• Societal impact

• Environmental impact

Which of the following technological advances are not likely to affect how a manufacturing business plans its production?

• Internet-based applications as a result of more people around the world gaining internet access

• 3D printing which can produce physical goods from a digital design

• The increased use of advanced robotics

• The advancement of artificial intelligence that can be used to perform tasks previously requiring manual labour