
Unit 1.1 Fundamentals of Business Queensland Exam Prep
Authored by Melinda Gear
Social Studies
12th Grade
Used 11+ times

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38 questions
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1.
REORDER QUESTION
1 min • 1 pt
Reorder the following stages of the Business life cycle:
Seed Stage
Start- Up Stage
Post Maturity Stage
Maturity Stage
Growth Stage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This stage is the first stage of the business life cycle where the business is a thought or idea.
Post Maturity
Maturity
Growth
Seed Stage
Start up stage
3.
MATCH QUESTION
1 min • 1 pt
Match the following
Competitors start to slow down growth.
Maturity
steady state, renewal, decline.
Growth
beginning stage business not open.
Start Up
where the business opens at first.
Post Maturity
Sales take off and business rapid growth
Seed Stage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A major challenge for this stage is the time energy and money to develop the idea and no money coming in for the business.
Start Up Stage
Seed Stage
Growth Stage
Maturity Stage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A challenge of this stage is that the business should be at the top of its industry. Sales slow down and new competitors emerge. The business needs to focus on strategic planning.
Seed Stage
Start Up Stage
Growth Stage
Maturity Stage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In this stage the business needs to focus on hiring staff to expand and the business may struggle with finance as it is trying to pay for new supplies and may still be paying off debts from the start up stage.
Seed Stage
Start Up Stage
Growth Stage
Post Maturity Stage
7.
MATCH QUESTION
1 min • 1 pt
Match the following
Growth, Sales, Market Share, competitors
Stakeholder Satisfaction
Achieving goals of the business
Competitiveness
Interest groups, individuals
Efficiency
How good with limited resources
Effectiveness
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