DP2 Quiz (Sep1)

SWOT stands for Strengths, Weaknesses, Opportunities, Treasures.

A brand may be defined as a name, symbol, sign, or design thatdifferentiates a firm’s product from its competitors.

A pricing strategy for newly developed products that usually starts at high point and eventually lowers.

Diseconomies of scales happen when with every unit of production, average cost per unit decreases.

A type of external growth that happens when one company buys another smaller company.

Which of the following is used to identify a problem (cause and effect)?

Which of the following is a sector of the economy that deals with services such as hotel industries or restaurants?

SWOT stands for Strengths, Weaknesses, Opportunities, Treasures.

Profit is Revenue minus Total Costs

Which of the following is NOT considered a source of secondary data?

STEEPLE is a tool used in strategic management and planning.

Profit and Total Contribution are the same concepts.

Labor Turnover is calculated as: No. of staff leaving over a year / Average No. of Staff employed in a year * 100

When a company develops a new product and introduces it to the market using informative promotion strategies, it is

A Business Function that has to do with recruiting, training, and motivating employees in a workplace.

A type of business that is usually relatively small and owned by an individual

According to BCG Matrix, which classification is used for products that have high market share and low market growth.

Which of the following is NOT one of the four Ps of the marketing mix

Net Cash Flow is the difference between all cash in-flows and out-flows within a given period of time.

Which of the following is NOT internal Source of Finance

Which of the following countries usually have secondary sector prevailing in their economy?

The concept used in the financial statement to identify all possessions (short or long term) that a company owns.

Which of the following business functions deals with identifying a market and designing promotion strategies?

Which of the following are considered stakeholders?

Which of the following leadership styles means that a leader make most of decisions alone and takes full responsibility.

Flat organization structure usually has narrow span of control and many levels of hierarchy.

Which of the following costs do not changes over time or with increase or decrease in production?

The Ansoff Matrix looks at potential strategies of a business based on whether a product or market are existing or new.

Mission Statements answers "why" question and is often used to inspire employees.

What type of organizations allows to sell shares to the public?