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Unit 1.1 Fundamentals of Business Queensland Exam Prep

Authored by Melinda Gear

Social Studies

12th Grade

Used 11+ times

Unit 1.1 Fundamentals of Business Queensland Exam Prep
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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:

Growth Stage

Post Maturity Stage

Maturity Stage

Start- Up Stage

Seed 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

where the business opens at first.

Start Up

beginning stage business not open.

Growth

steady state, renewal, decline.

Seed Stage

Sales take off and business rapid growth

Maturity

Competitors start to slow down growth.

Post Maturity

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

How good with limited resources

Stakeholder Satisfaction

Interest groups, individuals

Efficiency

Growth, Sales, Market Share, competitors

Effectiveness

Achieving goals of the business

Competitiveness

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