Description : Why the concept of ‘Innovation’ is required in the business? a. To get first mover advantage b. Utmost Consumer Satisfaction c. To acquire larger market share d. All of the above
Last Answer : d. All of the above
Description : From the point of view of international business, an organization that enjoys competitive advantage in an industry has done so by: A. Focusing on long-term profit. B. Charging lower prices than competition. C. Creating superior value for customers. D. Constantly enlarging its marketing activities.
Last Answer : Creating superior value for customers.
Description : Globalization can create problems for business because: A. It can result in more competition. B. It reduced vulnerability to political risk and uncertainty when operating abroad. C. It means that they can increase prices. D. All the options given are correct.
Last Answer : All the options given are correct.
Description : Are you for or against globalization?
Last Answer : I'm neither for nor against globalization, per se. What I oppose are the very existence of corporations, entities that exist only under the wording of the law. They're owned by nobody, and nobody ... for them. And if a private owner can grow a business internationally, I have no problem with that.
Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.
Last Answer : Cheap International transport.
Last Answer : Currency crises.
Description : A strategy that is best regardless of what rival players do is called a. First-mover advantage b. A Nash equilibrium strategy c. Tit-for-tat d. A dominant strategy
Last Answer : d. A dominant strategy
Description : Which of the following sentences is true ? 1. Marketing is not required in a Buyer's Market 2. Marketing is not required in a Seller's Market 3. Marketing is not required due to competition 4. Marketing is not required due to liberalization 5. Marketing is not required due to globalization
Last Answer : Marketing is not required in a Seller's Market
Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.
Last Answer : Trade barriers and controls on inflows of foreign direct investment.
Description : Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.
Last Answer : It opens up new market opportunities.
Description : One of the results of the consolidation of wholesaling firms is A)a trend toward globalization of world markets. B)that more wholesalers are becoming specialists. C)changes in the marketing ... . D)that wholesalers are losing their power over retailers. E)increased competition among retailers.
Last Answer : B)that more wholesalers are becoming specialists.
Description : What is the advantage of going out of business in one location, and then reopening the same business with a new name?
Last Answer : There are probably some legal and monetary issues behind it which I don't fully understand. Maybe they did have a bad name in the community, maybe they filed for bankruptcy, could be anything ... attracts a lot of new and curious people to their business, maybe even some local press coverage.
Description : Which of these can be considered as Social Responsibility of Business towards employees? a. Security of Service b. Appropriate Remuneration c. Good Working Environment d. All of the above
Description : --------is the process of analyzing the environment for the identification of factors which have impact on or have implication for the business. A. Assessment B. Forecasting C. Scanning D. None of these
Last Answer : C. Scanning
Description : What are the elements of business environment? A. Micro Environment. B. Macro Environment. C. Complex Environment. D. Steeple factor
Last Answer : D. Steeple factor
Description : what is the nature of business environment? A. Aggression. B. Relative. C. Uncertain. D. Aggression, Relative and Uncertain.
Last Answer : D. Aggression, Relative and Uncertain.
Description : What are the elements of business ethics? A. Values rights and duties. B. attitudes pressure and environment. C. value environment and attitude. D. Responsibilities.
Last Answer : A. Values rights and duties.
Description : External factors affecting a business environment also be referred to ___factors. A. controllable. B. uncontrollable. C. relevant. D. global
Last Answer : B. uncontrollable.
Description : Internal factors affecting a business environment also are referred to ____factors. A. controllable. B. uncontrollable factors. C. relevant. D. global.
Last Answer : A. controllable.
Description : Factors that create opportunities and threats to business units is known as_______. A. internal environment. B. external environment. C. micro environment. D. macro environment.
Last Answer : D. macro environment.
Description : The environment which is close to business and affect its capacity to work is known as ___environment. A. internal. B. external. C. micro. D. macro.
Last Answer : C. micro.
Description : ___ environment is beyond the control of the business. A. Internal. B. External. C. Micro. D. Macro.
Last Answer : B. External.
Description : In which of the following basic categories can business environment be divided? A. Local and Regional B. Regional and National. C. Internal and External. D. Financial and Nonfinancial.
Last Answer : C. Internal and External.
Description : Which one of the following statements is not correct ? (A) Business firms combine to avoid wasteful competition (B) Business combination is possible only among joint stock companies (C) Business ... firms (D) During economic depression, small firms are absorbed by financially sound large firms
Last Answer : Answer: Business combination is possible only among joint stock companies
Description : Is image enough to differentiate from the competition?
Last Answer : Well other than that check on pricing model also. Check their prices and see if you can offer some discounts / special schemes etc. Mouth publicity is equally important as it can fetch more customers for you in areas around you.
Description : The entry of the multinational companies in large numbers in the Indian market has created ……………………. . a. Huge Demand b. Huge Supply c. Tough Competition d. Huge Demand and Supply
Last Answer : c. Tough Competition
Description : Competition is beneficial to the competing firms besides benefiting the ______? A. producers. B. intermediaries. C. finances. D. consumers
Last Answer : D. consumers.
Description : Is there less of an advantage to hiring family or is there a greater advantage?
Last Answer : I think that would entirely depend on the type of business, how the family interaction plays out, and of course, the type of individual involved. I have known families in business that do very ... will, or because emotional coercion was brought to bear. Those situations tend to not be successful.
Description : What are some ways to achieve innovation for large concerns that improve a firm's competitive advantage?
Last Answer : Google has a slogan “Don’t Be Evil” and they try to live by it.
Description : What one of the following is not the advantage of MNCs to the host country? A. Increase in social activities B. Increase in economic activities C. Utilization of natural resource D. R&D efforts enhanced.
Last Answer : Increase in social activities
Description : Which of the following is an advantage of turnkey projects? A. Can earn a return on knowledge asset B. Will not create a competitor C. Tight control of operations D. All the above
Last Answer : Can earn a return on knowledge asset
Description : Where can I get information and costs about starting an online business?
Last Answer : answer:Find a business partner you trust who knows these things. Then hire a good accountant and a good lawyer for the business. If you don't know these things yourself, you have no ... a competent technical person in the partnership probably could have gotten them profitable for about $2 million.)
Description : What information would you consider to be essential on a business card?
Last Answer : Plenty of white space.
Description : Why is it important for an HR manager to understand the context and environment in which she or he operates?
Last Answer : We won't do your homework for you. A simple 2 minutes search brought up these sources. https://www.thebalance.com/how-to-prepare-for-a-career-in-human-resources-1918347 Read through this. Some of your ... the lines, and/or do a little more searching, and you should be able to sort out the rest.
Description : How does one create a "Team Work" environment amongst employees?
Last Answer : Do they know that you expect them to help each other? At my job, I've noticed a tendency for workers to slack off in retaliation for other workers' slacking off; naturally, this feeds on itself ... other parties breaks down and does the work. You might see if you're dealing with a similar issue.
Description : Why is it that sometimes employees resist change in a company or their work environment?
Last Answer : answer:Both. I think many people can generally be resistant to change. They may enjoy their work and their work environment and they are worried they will not be able to adapt to the changes ... If the organisation gives them input and some ownership over the change process, people may adapt better.
Description : If you've ever worked in an office environment, were there any catch phrases your co workers used that were annoying to you?
Last Answer : answer:“It is what it is.” It usually meant I was working the weekend, and I had to tell 200 people they had to as well.
Description : Whats the best way to avoid being cheap while being nice in a professional environment?
Last Answer : What do you do, and what kind of projects are they?
Description : With the introduction of Photostat Machine in the market, the carbon paper industry was adversely affected. Which component of environment was responsible for it? a. Economic b. Political c. Technical d. All the above
Last Answer : c. Technical
Description : PEST is an acronym which stands for ________. A. Political, Environment, Societal, Technology. Share institution privatization. B. Political, Economic, Societal, Technological. C. Political, Economic, Social, Technological. D. People, Economy, Standards, Transport.
Last Answer : C. Political, Economic, Social, Technological.
Description : Porter s model represents the relationship between _______. A. organizational and environment. B. society and environment. C. organization and society. D. society and industry.
Last Answer : A. organizational and environment.
Description : _______ refers to all forces which have an economic impact. A. Technological Environment. B. Political Environment. C. Economic Environment. D. Legal environment
Last Answer : C. Economic Environment.
Description : The micro environment consists ______. A. Technological Environment. B. Political Environment. C. Economic Environment. D. Public, middlemen, consumers & competitors.
Last Answer : D. Public, middlemen, consumers & competitors.
Description : Macro environment consist of ______? A. public. B. political & legal. C. suppliers. D. customers.
Last Answer : B. political & legal.
Description : Macro environment is also known as _________? A. direct environment . B. indirect environment. C. competitive environment. D. social environment.
Last Answer : B. indirect environment.
Description : Study of human population is called as _____ environment. A. political. B. social. C. demographic. D. economic
Last Answer : C. demographic.
Description : Macro environment is also called as _______. A. general environment. B. operating environment. C. economic environment. D. political environment.
Last Answer : A. general environment.
Description : Micro environment is also called as ________. A. general environment. B. operating environment. C. economics environment. D. political environment.
Last Answer : B. operating environment.
Description : Economic environment refers to all forces which have a _____. A. political. B. natural C. economic. D. social.
Last Answer : C. economic.
Description : Which of the following has been the main driver to the globalization of business? (a) The higher standards of living in the U.S. and Europe ; (b) Technology (c) The NAFTA trade agreement ; (d) The increasing ethnic diversity within countries
Last Answer : (b) Technology