QCE Business 2019 Unit 3.1 Mega Business Syllabus Quiz

What is the primary focus of a business in the maturity stage?

• Rapid growth and market acquisition

• Stability and sustaining market position

• Establishing brand identity

• Starting new product lines

Which of the following is an advantage of exporting?

• Full control over production quality

• Limited dependency on foreign demand

• Low investment and risk level

• Reduced exposure to exchange rates

What does SWOT stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Strategies, Weaknesses, Options, Tactics

• Solutions, Work, Objectives, Targets

• Strengths, Wealth, Opportunities, Trends

A partnership with a foreign company to leverage resources and expertise is an example of:

• Licensing

• Joint venture

• Strategic alliance

• Exporting

Which of the following is a disadvantage of licensing?

• High initial investment

• Full operational control

• Limited control over product quality

• Dependence on internal resources

What is one primary challenge faced in the maturity stage?

• Market saturation

• Brand identity establishment

• Securing funding

• Lack of competition

Which mode of entry involves setting up a new entity jointly owned with a local partner?

• Exporting

• Joint venture

• Licensing

• Strategic alliance

Intrapreneurship within a business is important because:

• It reduces operational costs

• It drives innovation and market competitiveness

• It secures funding from stakeholders

• It minimizes employee turnover

The primary disadvantage of establishing an overseas subsidiary is:

• Limited product control

• High initial investment

• Reduced brand recognition

• Decreased risk exposure

Which is a benefit of developing a niche market?

• Large market size

• High potential for scaling

• Reduced competition

• High production cost