Business Functions and Strategy
Authored by LEIGH ANN DAWSON
Business
10th Grade
Used 403+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A route or plan of action designed to achieve certain goals and objectives is known as which of the following?
Strategy
Function
Department
Mission
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The reason why a company exists—its purpose—is best known as which of the following?
The company’s vision
The company’s strategy
The company’s mission
The company’s success
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the strategy business function affect each of the other five business functions?
By assisting the operations of each function
It does not affect the other functions
By providing a plan of action for each function
It is the concrete purpose of the company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mission is a company’s purpose, and strategy is the ______.
who
what
why
how
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Habitat for Humanity’s mission is to “bring people together to build homes, communities, and hope.” Based on this mission, what is most likely their company vision?
A world where everyone has a home
Building high-cost, designer homes
A world where homes will always be built
Building low-quality, inexpensive homes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best demonstrates how a company successfully uses strategy to live out its mission and vision?
A company that believes everyone can be an athlete only sells to professional athletes.
A company that wants to make affordable home furniture knows to say no to expensive materials.
A company that is dedicated to becoming the world’s most flown airline charges high prices for flights.
A company looking to free the world of Alzheimer’s invests in research for all types of diseases.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Complete the following sentence with the best term: ________ is informed by the company’s vision and mission.
Strategy
Revenue
Product
Location
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