Question 1

Which of the following best describes the characteristic of a business being 'customer-oriented'?

Accepted Answer

Focusing on customer needs and satisfaction

Answer

Maximizing profit at any cost

Answer

Restricting product availability

Answer

Minimizing competition

Question 2

What role does innovation play as a characteristic of a business?

Accepted Answer

It drives growth and competitiveness

Answer

It leads to confusion among employees

Answer

It has no impact on customer satisfaction

Answer

It slows down production processes

Question 3

What is a key characteristic of a successful business?

Accepted Answer

Effective management

Answer

Lack of planning

Answer

Random decision-making

Answer

Ignoring customer feedback

Question 4

Which characteristic of a business involves having a clear mission and vision?

Accepted Answer

Strategic planning

Answer

Random operations

Answer

Inconsistent goals

Answer

Disorganized leadership

Question 5

Which characteristic indicates that a business adapts to market changes?

Accepted Answer

Flexibility

Answer

Inflexibility

Answer

Rigidity

Answer

Stagnation

Question 6

Which characteristic of a business relates to its ability to maintain strong relationships with customers?

Accepted Answer

Customer loyalty

Answer

Transactional focus

Answer

Transient engagement

Answer

Service indifference

Question 7

Which characteristic describes a business's ability to grow and expand its operations?

Accepted Answer

Scalability

Answer

Isolation

Answer

Limited reach

Answer

Diminishing returns

Question 8

What characteristic of a business focuses on creating value for stakeholders?

Accepted Answer

Value creation

Answer

Cost reduction

Answer

Market monopolization

Answer

Short-term gains

Question 9

What characteristic is important for a business to maintain its competitive edge in the market?

Accepted Answer

Continuous improvement

Answer

Resistance to change

Answer

Stagnation

Answer

Short-term focus

Question 10

Which characteristic of a business is crucial for fostering teamwork and collaboration among employees?

Accepted Answer

Strong company culture

Answer

High competition

Answer

Isolation

Answer

Hierarchy

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