Risks

Risks

11th Grade

15 Qs

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Risks

Risks

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Cherilyn Carter

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a complex industry characterized by?

Businesses that are isolated from social or political systems

Businesses that are intertwined with social or political systems and may profit from maintaining inefficient systems

Industries that offer only low-end disruptive innovation to customers

Industries where consumer demand is steadily evaporating

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of an over-served industry?

Customers consume more of a product or service than needed, often due to high-end innovation

Customers consume less of a product or service due to a lack of innovation

Customers consume a product or service that doesn't meet all its features or functionality but meets their needs

Customers are faced with a surplus of high-quality options

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can be a consequence of a failing industry?

Rapid technological innovation

Steady or increasing consumer demand

Decreasing consumer demand and the emergence of substitutes due to technological innovation

An increase in the rate of economic growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a risk associated with difficult suppliers?

Suppliers providing too many materials

Suppliers offering extremely low prices

Suppliers providing poor customer service or no experts on the products they provide

Suppliers that are too friendly and accommodating

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant event caused the U.S. unemployment rate to jump from 3% to 14% in a matter of weeks in March 2020?

The introduction of new technology

The Coronavirus pandemic

A sudden increase in consumer confidence

A decrease in the stock market by 1,000 points

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is competitive risk associated with in a business context?

The risk of new regulations affecting the market

The chance that competitive forces will prevent you from achieving a goal

The risk of internal conflicts within a company

The risk of technological obsolescence

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the four Ps that comprise the marketing mix?

Product

Price

Promotion

Performance

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