
Biz Wiz
Authored by Junior Executive(Academics)
Business
8th Grade
Used 1+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the term for the process of acquiring or merging with another
company to expand business operations?
Divestiture
Consolidation
Downsizing
Outsourcing
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Who coined the term "creative destruction" to describe the process of innovation and
change in entrepreneurship?
Karl Marx
Joseph Schumpeter
Adam Smith
John Maynard Keynes
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In the SWOT analysis framework, what does the "T" stand for?
Technology
Threats
Trends
Tactics
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the term for the process of finding and attracting potential investors to
fund a startup?
Crowdfunding
Bootstrapping
Angel investing
Venture
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the term for the practice of offering a lower-priced product or service
to gain market share and then increasing prices later?
Price fixing
Price
skimming
Price discrimination
Predatory pricing
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What concept refers to the process of bringing a new business idea to life and
nurturing it into a successful venture?
Incubation
Innovation
Ideation
Invention
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What concept refers to the process of bringing a new business idea to life and
nurturing it into a successful venture?
Incubation
Innovation
Ideation
Invention
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