Business Management Quiz

Describe three methods of ensuring quality that an organisation can use.

• Quality Control, Quality Assurance, Total Quality Management

• Cost Reduction, Employee Layoffs, Increased Advertising

• Market Expansion, Product Diversification, Price Skimming

• Outsourcing, Offshoring, Downsizing

Describe the advantages and disadvantages of reducing packaging.

• Reduces waste, lowers costs, but may decrease product protection

• Increases waste, raises costs, but improves product protection

• Reduces waste, raises costs, and increases product protection

• Increases waste, lowers costs, and decreases product protection

Explain the benefits of branding to an organisation.

• Increases recognition, builds customer loyalty, allows premium pricing

• Decreases recognition, reduces customer loyalty, lowers pricing

• Increases costs, complicates marketing, reduces customer loyalty

• Decreases costs, simplifies marketing, increases customer loyalty

Compare a private sector and public sector organisation.

• Private sector focuses on profit, public sector on public service

• Private sector focuses on public service, public sector on profit

• Both focus on profit and public service equally

• Neither focuses on profit or public service

What is one of the learning intentions related to the economy?

• Understanding the different types of government

• Understanding the different organisations in each sector of the economy

• Understanding the history of economic policies

• Understanding the role of technology in business

Which of the following is a success criteria related to internal and external factors?

• Identifying different types of technology

• Discussing the history of economic policies

• Explaining the impact of external and internal factors

• Understanding the role of government in business

What is a learning intention related to stakeholders?

• Understanding the different types of government

• Understanding the interests and influence of stakeholders

• Understanding the history of economic policies

• Understanding the role of technology in business

Which success criteria involves distinguishing between stakeholders?

• Identifying different types of technology

• Distinguishing between internal and external stakeholders and their influence/interest

• Discussing the history of economic policies

• Understanding the role of government in business

What type of economy does the UK have?

• Command economy

• Mixed economy

• Market economy

• Traditional economy

Which sector in the UK economy is made up of privately owned businesses?

• Public sector

• Third sector

• Private sector

• Government sector