U4 AOS 1 Bus Man Section 4 Quiz - Driving Forces

If a business discovers that one of its products is unsafe, is this a driving force for change?

• Yes

• No

Managers will push for changes that will lead to a better outcome and more efficient achievement of __________________ .

• business objectives

• return on shares

• an improved market share

Employees working in an _______ environment, where ideas are shared and action on, are more likely to recommened beneficial changes.

• innovative

• laizzaire-faire

• autocratic

• micro-managed

Google uses a 20/80 model, where workers spend 80% of their time on company work, and 20% pursuing their own projects. This fosters change amongst which stakeholder group?

• managers

• employees

• competitors

• customers

Businesses must monitor the activities of their ______ and determine what effect this may have on the marketplace, to identify necessary changes.

Coles and Woolies have both reduced prices staples such as milk, to $2 a litre, even when this means that they sell the product at a loss. This is an example of a ___________ influenced by the behaviour of a direct competitor.

• pricing policy

• loss-leader

• adoption of new technologies

• advertising campaign

Another word for legislation is ____ .

• regulatory bodies

• government

• law

• parliament

Sourcing materials from a cheaper supplier or downsizing the workforce are both examples of ______ .

• technological changes

• cost-reduction strategies

• profit-raising forces

• globalisation pressures

Globalisation is:

• the introduction of the internet to make us closer to others in the world. 
• the breakdown of traditional barriers between nations through technology and transport
• faster travel around the world
• the movement of people and ideas around the world.

You don't need to challenge the status quo to innovate.

• TRUE

• FALSE