Business Evaluation Criteria Quiz

What does the "effectiveness" criterion in business evaluation measure?

• How well a business uses resources to achieve goals

• The degree to which business goals are achieved

• The satisfaction levels of customers and employees

• A business's ability to outperform competitors

A local coffee shop introduces a loyalty program to increase repeat customers. Which evaluation criterion would be best for assessing the program’s success?

• Efficiency

• Stakeholder satisfaction

• Effectiveness

• Competitiveness

Which evaluation criterion focuses on minimising costs while achieving maximum output?

• Effectiveness

• Efficiency

• Competitiveness

• Stakeholder satisfaction

A small bakery hires a new head baker who creates unique pastries that attract customers. This improvement is most likely to enhance which criterion?

• Competitiveness

• Efficiency

• Stakeholder satisfaction

• Effectiveness

Which criterion would be most relevant for a company aiming to reduce its carbon footprint while maintaining production levels?

• Efficiency

• Effectiveness

• Sustainability

• Competitiveness

A tech company invests in employee training to improve product quality. Which criterion is this investment most likely to impact?

• Stakeholder satisfaction

• Efficiency

• Effectiveness

• Innovation

What is the primary focus of the "competitiveness" criterion in business evaluation?

• Achieving business objectives

• Minimising costs

• Outperforming competitors

• Enhancing customer satisfaction

A company conducts a survey to measure employee happiness. Which evaluation criterion does this activity address?

• Efficiency

• Stakeholder satisfaction

• Competitiveness

• Effectiveness

Which criterion would be most important for a business looking to expand its market share?

• Efficiency

• Competitiveness

• Stakeholder satisfaction

• Sustainability

A manufacturing firm implements a new technology that reduces waste and increases production speed. Which criterion does this improvement primarily address?

• Efficiency

• Effectiveness

• Competitiveness

• Stakeholder satisfaction