IKEA Quiz
Passage
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Fahim Ahmed
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of IKEA's business strategy?
To offer a wide range of well-designed, functional home furnishing products at affordable prices
To be the leading luxury furniture retailer
To focus solely on Scandinavian designs
To maximize profits through online sales
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the text, what are the three main areas of growth in IKEA's strategy?
Quality products at low prices, sustainable future, and People and Planet Positive approach
Increasing store numbers, enhancing online presence, and diversifying product lines
Reducing costs, improving customer service, and expanding market reach
Design processes, employee satisfaction, and global expansion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does IKEA's vision primarily focus on?
Becoming the largest furniture retailer in the world
Providing a focused direction for the future and positioning the business for growth
Reducing environmental impact and promoting recycling
Expanding into new international markets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary basis of IKEA's vision and business concept?
Providing luxury furniture at high prices
Providing quality home furnishings at affordable prices
Focusing solely on environmental sustainability
Expanding store locations globally
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the text, what does IKEA's mission statement communicate?
The profit margins expected by the company
The environmental policies of the company
The goals of the company to customers and all stakeholders
The design process for products
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do values play in IKEA's business operations?
They determine the company's stock prices
They guide all activities and influence the company's culture
They are used for marketing purposes only
They are irrelevant to the company's operations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does IKEA gather information about its customers' needs?
Through online surveys only
By conducting home visits
By analyzing sales data
Through customer service complaints
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