3rd Form BUSINESS BASICS

Business Optimization refers to the ________, _______ and _____________ of a business, and finding ways to improve the measures identified.

• cost, efficiency, performance

• efficiency, productivity, performance

• productivity, performance

• efficiency, performance

The main purpose of optimization in business is to

• help reduce costs that leads to higher profits

• increase costs that leads to higher profits

• increase costs that leads to lower profits

• maintain costs

Sales techniques in business are used to a particular

• product on the market

• business to partner with another business

• customer to buy a good or service

• customer to not buy a good or service

One example of a sales technique is

• sales promotion

• maintaining customer relationship

• sampling

• partnership

_________________________ refers to the way by which the company goes about promoting and distributing its products.

Which of the following is NOT an example of marketing techniques?

• Social media marketing

• Retailing

• Maintaining customer service

• Personality appeal

Business Process Improvement is the process of your business systems as _______________________ and ________________ as possible.

___________________ is a guide used to identify a business' strengths, weaknesses, opportunities and threats.

Quickly responding to market changes and quick decision making are examples of _________ in a business.

• strengths

• weaknesses

• threats

• opportunities

The two (2) negative factors of the SWOT analysis to a business are ___________________________________.