Unit 1.1 Fundamentals of Business Queensland Exam Prep

Unit 1.1 Fundamentals of Business Queensland Exam Prep

12th Grade

38 Qs

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Unit 1.1 Fundamentals of Business Queensland Exam Prep

Unit 1.1 Fundamentals of Business Queensland Exam Prep

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Melinda Gear

Used 11+ times

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38 questions

Show all answers

1.

REORDER QUESTION

1 min • 1 pt

Reorder the following stages of the Business life cycle:

Seed Stage

Maturity Stage

Start- Up Stage

Post 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.

Post Maturity

where the business opens at first.

Seed Stage

beginning stage business not open.

Start Up

Sales take off and business rapid growth

Maturity

steady state, renewal, decline.

Growth

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

Achieving goals of the business

Effectiveness

How good with limited resources

Stakeholder Satisfaction

Growth, Sales, Market Share, competitors

Efficiency

Interest groups, individuals

Competitiveness

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