BM SAC U4 AOS1 B

Technology is likely to drive change because:

• Competitors will adopt technology

• Technology can reduce business costs

• Technology is available to all businesses, small and large

• All of the above

Legislation can drive business change. Which of the following defines legislation?

• Legislation, also known as statutes or Acts of Parliament, refers to the internal culture of a business and can force a business to take action in a certain area.

• Legislation, also known as the law, refers to the written documents created by Parliament and it does not affect businesses.

• Legislation, also known as statutes or Acts of Parliament, refers to the written law created by Parliament and can force a business to take action in a certain area.

• None of the above

Which of the following is not a restraining force? 

• Managers (due to either poor decision-making or fear of loss of control or power)

• Time (either poor timing, or lack of time)

• 
  Organisational inertia (prefer to stay with the safe and predictable status quo)

• Employees (who are innovative and motivated)

What is the most common form of restraining force in a business?

• Government regulations

• Economic downturns and competitors 

• Technological advancements and changing consumer preferences

• All of the above

Porter's Generic Strategies includes only one option: cost leadership.

• TRUE

• FALSE

According to Porter's Generic Strategies model, which strategy involves creating product with distinct features? 

• Multiple branding

• Own label brands

• Expansion

• Differentiation 

Competitors are most likely to drive a business to change through the action of:

• changing pricing policies.

• introducing new legislation.

• pursuing profit.

• reviewing their internal policies and procedures.

Managers can be seen as a restraining force for change as they can:

• show consultative leadership skills.

• 
  be experienced in dealing with change.

• threaten to eliminate jobs, which can cause resistance among employees.

• All of the above

When referring to change, which statement best describes employees?

• Employees can act as a driving force for change.

• Employees can act as a driving force and a restraining force for businesses seeking to change.

• Employees mostly view change in a negative way, as they fear redundancies.

• Employees resist change because they are worried that they will be unable to adapt to the new procedures, which threaten established work routines.