COB 1 - Unit 1 Revision

In business, a ..... is an attribute that allows an organization to outperform its competitors

• ethical practices

• social responsibility

• competitive advantage

The company cannot accept .... for any damage caused by natural disasters.

• entity

• liability

• enterprise

.... is a concise statement of the benefits that a company is delivering to customers who buy its products or services

• Market share

• Ethical practices

• Value proposition

.... provides an approach to making better decisions on the issues that affect all of our lives

• Competitive advantage

• Sustainable development

• Risk management

• Agriculture forms the ... of the rural economy.

• backbone

• scope

• advance

... is the company type that is smallest in size

If the company cannot pay its debts, those debts become a serious ________ for the business.

• profit

• liability

• benefit

• asset

The company plans to ________ a market research study next month.

Managers should care about staff ________, not only productivity.

• attendance

• well-being

• salary

• competition

The company is known for its strong commitment to ________ in all business activities.

• A. ethical practice

• B. fast production

• C. market share

• D. customer demand