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WorksheetsU4 AOS 1 Bus Man Section 4 Quiz - Driving Forces
Total questions: 12
Worksheet time: 7mins
If a business discovers that one of its products is unsafe, is this a driving force for change?
Yes
No
Managers will push for changes that will lead to a better outcome and more efficient achievement of __________________ .
business objectives
return on shares
an improved market share
Employees working in an _______ environment, where ideas are shared and action on, are more likely to recommened beneficial changes.
innovative
laizzaire-faire
autocratic
micro-managed
Google uses a 20/80 model, where workers spend 80% of their time on company work, and 20% pursuing their own projects. This fosters change amongst which stakeholder group?
managers
employees
competitors
customers
Businesses must monitor the activities of their (a) and determine what effect this may have on the marketplace, to identify necessary changes.
Coles and Woolies have both reduced prices staples such as milk, to $2 a litre, even when this means that they sell the product at a loss. This is an example of a ___________ influenced by the behaviour of a direct competitor.
pricing policy
loss-leader
adoption of new technologies
advertising campaign
Another word for legislation is ____ .
regulatory bodies
government
law
parliament
Sourcing materials from a cheaper supplier or downsizing the workforce are both examples of ______ .
technological changes
cost-reduction strategies
profit-raising forces
globalisation pressures
You don't need to challenge the status quo to innovate.
TRUE
FALSE
What is a niche market?
A market in which businesses sell to a large customer group with similar needs.
A market in which businesses sell to a variety of customers.
A market in which businesses sell to a small customer group with specific needs.
A market in which businesses sell one product to many consumers.
A social attitude driving force for an energy company could be _____ .
demands for cheaper energy
demands for more reliable energy
demands for more solar energy
