21st Century Business Management Quiz

21st Century Business Management Quiz

12th Grade

30 Qs

quiz-placeholder

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21st Century Business Management Quiz

21st Century Business Management Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Fergal Conway

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SWOT stand for in business planning?

Strengths, Weaknesses, Opportunities, Threats

Sales, Work, Operations, Targets

Strategy, Work, Objectives, Tactics

Systems, Weaknesses, Opportunities, Trends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a step in the planning process?

SWOT Analysis

Set Objectives

Devise Strategies

Implement Control

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a mission statement?

To describe the daily tasks of employees

To set financial targets for the next quarter

To list the products and services offered

To outline the business's current and future objectives

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which strategy focuses on keeping costs and prices low?

Differentiation Strategy

Niche Strategy

Low-cost Leadership Strategy

Market Penetration Strategy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tactical plan?

A backup plan for emergencies

A short-term plan usually achieved within 1 year

A long-term plan for the business

A plan to enter new markets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of organization structure is based on geographical areas?

Functional

Product

Geographic

Matrix

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main advantage of a functional organization structure?

Specialization

Duplication

Isolation

Brand Cannibalization

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