8 - WC - Responses to Storms & Neg Social Media

Question 1

Due to a supply disruption at Wholy Cow, what flow-on effect might nearby restaurants experience?

Accepted Answer

Potential shortage in meat supplies

Question 2

What was the net profit reported by Wholy Cow on its income statement?

Accepted Answer

$50,000

Question 3

Which financial tool was used to illustrate Wholy Cow's financial viability?

Accepted Answer

Income Statement

Question 4

Which of the following is NOT a potential result of a negative public response to a social media campaign?

Accepted Answer

Increased administrative overhead

Question 5

What is a potential downside of diversifying suppliers as a response to supply disruption?

Accepted Answer

Increased administrative overhead

Question 6

Which action may have a short-term positive effect on revenue but could jeopardize long-term financial viability?

Accepted Answer

Offering continuous deep discounts

Question 7

A negative public response to Wholy Cow's social media campaign can result in:

Accepted Answer

Leftward shift in the demand curve

Question 8

Continuous discounts might give an impression of:

Accepted Answer

Lower product value

Question 9

Following a public backlash against Wholy Cow's advertising, what might be the flow-on effect for marketing agencies?

Accepted Answer

Increased emphasis on market research

Question 10

A negative public sentiment towards Wholy Cow would likely cause the demand curve to:

Accepted Answer

Shift to the left

Question 11

Using the supply and demand model, a supply disruption from a storm causes:

Accepted Answer

Leftward shift in the supply curve

Question 12

A successful PR campaign that restores Wholy Cow's image would cause the demand curve to:

Accepted Answer

Shift to the right

Question 13

Following a successful PR campaign by Wholy Cow, what flow-on effect could local meat suppliers experience?

Accepted Answer

Increased demand for their products

Question 14

What is the definition of an organization's financial viability?

Accepted Answer

Ability to generate sufficient revenue

Question 15

In the case where both supply and demand decrease (shift to the left), what can be said about equilibrium price?

Accepted Answer

Cannot be determined without more information

Question 16

How can Wholy Cow's financial viability be primarily determined?

Accepted Answer

By the income statement and net profit

Question 17

In terms of financial viability, what does a positive net profit indicate about Wholy Cow?

Accepted Answer

They have generated more revenue than expenses

Question 18

If Wholy Cow initiates a loyalty program, what flow-on effect might other businesses in Cambridge, NZ experience?

Accepted Answer

Launch their own loyalty programs

Question 19

How would an increase in meat prices from suppliers affect Wholy Cow's supply curve?

Accepted Answer

Shift to the left

Question 20

Which of the following is a CON of the action "Offer Discounts" for Wholy Cow?

Accepted Answer

Eroding profit margins

Question 21

Which of the following can be a direct threat to Wholy Cow's financial viability?

Accepted Answer

A storm causing a delay in supplies

Question 22

A negative public response to Wholy Cow's social media campaign could lead to:

Accepted Answer

A leftward shift in the demand curve

Question 23

Holding larger inventories to act as a buffer against supply chain disruptions is referred to as:

Accepted Answer

Stockpiling

Question 24

To rebuild their brand reputation after a negative social media campaign, Wholy Cow could:

Accepted Answer

Collaborate with renowned influencers

Question 25

An unexpected surge in the popularity of vegetarianism in Cambridge, NZ might cause the demand for Wholy Cow products to

Accepted Answer

Shift to the left

Question 26

If Wholy Cow diversifies its suppliers and thereby increases its available products, the supply curve would:

Accepted Answer

Shift to the right

Question 27

Using the supply and demand model, what does a leftward shift in the supply curve signify for Wholy Cow?

Accepted Answer

Reduced supply of products

Question 28

What financial value is obtained when total expenses are subtracted from total revenue?

Accepted Answer

Net Profit

Question 29

In light of a negative social media campaign, Wholy Cow's financial viability could be directly affected by:

Accepted Answer

A drop in sales and revenue

Question 30

When there's a leftward shift in the demand curve due to negative public sentiment, what happens to consumer demand?

Accepted Answer

Decreases

Question 31

If Wholy Cow starts sourcing alternative products, what flow-on effect might this have on customer dietary habits?

Accepted Answer

Customers might become more open to trying alternative meats

Question 32

If Wholy Cow's supply of meat is disrupted, but they decide to maintain their current prices, they may face:

Accepted Answer

A shortage of meat

Question 33

Should Wholy Cow face financial difficulties and reduce its store hours, how could the Cambridge economy be affected?

Accepted Answer

Reduction in economic activity due to fewer shopping hours

Question 34

What would be the likely result on prices if there's a leftward shift in supply and demand remains constant?

Accepted Answer

Prices would rise

Question 35

In response to negative publicity, what could a surplus in Wholy Cow products force the company to do?

Accepted Answer

Reduce prices

Question 36

As a result of Wholy Cow diversifying its suppliers, what might be the flow-on effect for international meat producers?

Accepted Answer

They could see an increase in demand from NZ

Question 37

If Wholy Cow were to experience a supply disruption, the supply curve would:

Accepted Answer

Shift to the left

Question 38

If Wholy Cow faces a decrease in demand due to negative sentiment, how might the local employment market be affected?

Accepted Answer

Reduction in job opportunities

Question 39

If a negative public sentiment causes fewer customers to buy from Wholy Cow, what happens to the quantity demanded?

Accepted Answer

Decreases

Question 40

Which of the following is a long-term measure that Wholy Cow could take in response to negative publicity?

Accepted Answer

Revamped marketing strategy

Question 41

What does the term 'financial viability' mean?

Accepted Answer

Ability to continue operating financially over time

Question 42

Continuous discounts as a response to negative publicity might:

Accepted Answer

Compromise the firm&#x27;s financial stability

Question 43

Which action is NOT mentioned as a strategy for Wholy Cow to address supply disruption?

Accepted Answer

Opening new branches

Question 44

If a competitor butcher shop closes down, leading more customers to Wholy Cow, what happens to Wholy Cow's demand curve?

Accepted Answer

Shift to the right

Question 45

As a result of increased vegetarianism in Cambridge, NZ, what flow-on effect might vegetable farmers experience?

Accepted Answer

Higher demand and potential increased sales

Question 46

If Wholy Cow reported a net profit of $50,000 on its income statement, it indicates:

Accepted Answer

They earned $50,000 more than their expenses

Question 47

If Wholy Cow reduces its prices due to a surplus, what might be a direct flow-on effect for its competitors?

Accepted Answer

Reduce their prices to match

Question 48

How would a severe storm affecting supplies impact Wholy Cow's financial viability?

Accepted Answer

Disrupted supply chain

Question 49

How can Wholy Cow directly gather insights into customer grievances?

Accepted Answer

Engage with customers through feedback sessions

Question 50

To enhance its financial viability after a supply disruption, Wholy Cow should consider:

Accepted Answer

Diversifying its suppliers

8 - WC - Responses to Storms & Neg Social Media

Questions 50

8 - WC - Responses to Storms & Neg Social Media

Questions 50