Managing and Performing In an International Business

Quiz
•
Business
•
University
•
Medium
Sony Shankar
Used 1+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the primary contribution of knowledge workers?
Manual labor
Ideas and problem-solving expertise
Administrative support
Sales and marketing efforts
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does globalization imply for companies wanting to grow?
They must focus solely on their domestic markets.
They need to tap international markets.
They should limit their operations to national borders.
They can rely only on local talent and resources.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What best describes the concept of coopetition?
Companies exclusively competing with each other to maximize individual profits
Companies working independently without any form of interaction
Companies engaging in simultaneous competition and cooperation to create value
Companies merging together to eliminate competition
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does sustainability emphasize in the context of competitive advantage?
Sole focus on immediate profit maximization
A long-term perspective on sustaining the natural environment and building future business opportunities
Disregarding environmental considerations for short-term gains
Avoiding innovation to maintain traditional practices
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What describes the strategic imperative related to service and speed in today's business environment?
Providing what customers want only as per company convenience
Speed is considered an optional goal
Continually meeting customer needs quickly and establishing long-term relationships
Slowing down processes to ensure error-free outcomes
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the focus of knowledge management in an organization?
Increasing physical assets
Managing the organization's financial investments
Finding, unlocking, sharing, and capitalizing on expertise, skills, wisdom, and relationships
Supervising production and manufacturing processes
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How is quality defined in the contemporary business environment?
Solely in terms of the attractiveness of a product
By achieving zero defects and designing products for quality
Ignoring customer feedback and focusing on production speed
Prioritizing quantity over quality
8.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is crucial for a firm to maintain its competitive advantage in terms of innovation?
Focusing solely on traditional practices
Adapting to changes in consumer demands and continually innovating
Avoiding risks at all costs
Concentrating exclusively on domestic markets
9.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What distinguishes e-Business from e-Commerce?
e-Business exclusively involves online retail.
e-Business includes e-Commerce but also encompasses a wider range of digital business activities.
e-Business is limited to digital marketing and customer relationship management.
e-Business does not involve online transactions.
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