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Business Management Warm-Ups 9/10/24

Quiz by Nekeisha King-Price

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10 questions
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  • Q1
    Which of the following best describes the characteristic of a business being 'customer-oriented'?
    Maximizing profit at any cost
    Focusing on customer needs and satisfaction
    Restricting product availability
    Minimizing competition
    30s
  • Q2
    What role does innovation play as a characteristic of a business?
    It drives growth and competitiveness
    It leads to confusion among employees
    It has no impact on customer satisfaction
    It slows down production processes
    30s
  • Q3
    What is a key characteristic of a successful business?
    Effective management
    Lack of planning
    Random decision-making
    Ignoring customer feedback
    30s
  • Q4
    Which characteristic of a business involves having a clear mission and vision?
    Strategic planning
    Random operations
    Inconsistent goals
    Disorganized leadership
    30s
  • Q5
    Which characteristic indicates that a business adapts to market changes?
    Inflexibility
    Flexibility
    Rigidity
    Stagnation
    30s
  • Q6
    Which characteristic of a business relates to its ability to maintain strong relationships with customers?
    Transactional focus
    Transient engagement
    Service indifference
    Customer loyalty
    30s
  • Q7
    Which characteristic describes a business's ability to grow and expand its operations?
    Isolation
    Scalability
    Limited reach
    Diminishing returns
    30s
  • Q8
    What characteristic of a business focuses on creating value for stakeholders?
    Cost reduction
    Market monopolization
    Short-term gains
    Value creation
    30s
  • Q9
    What characteristic is important for a business to maintain its competitive edge in the market?
    Resistance to change
    Stagnation
    Continuous improvement
    Short-term focus
    30s
  • Q10
    Which characteristic of a business is crucial for fostering teamwork and collaboration among employees?
    High competition
    Strong company culture
    Isolation
    Hierarchy
    30s

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