Business Success Quiz

What is business success?

• Achieving a predetermined goal, intention, or objective

• Making the most profit

• Having the largest number of employees

• Expanding to the most countries

Which of the following is NOT one of the four aspects of business mentioned?

• Operations

• Marketing

• Finance

• Technology

Which aspect of business involves managing money and investments?

• Operations

• Marketing

• Finance

• Human resources

Which aspect of business is concerned with hiring and training employees?

• Operations

• Marketing

• Finance

• Human resources

How can a business ensure it is successful?

• By focusing on one aspect at a time

• By addressing all four aspects simultaneously

• By cutting costs in all areas

• By hiring more employees

Which of the following is a characteristic of a successful business?

• Inefficient business operations

• Lack of market awareness

• Productive organisational structure

• Poor financial record keeping

How does business planning contribute to success?

• By creating uncertainty

• By providing a clear roadmap

• By ignoring goals

• By reducing accountability

Which characteristic helps a business adapt to changes?

• Market awareness

• Ignoring market trends

• Stagnant business model

• Lack of innovation

What does a successful business need to offer?

• Unnecessary products

• Product or service that meets demand

• Outdated services

• Irrelevant products

How can a business ensure efficient operations?

• By having efficient business operations

• By ignoring operational processes

• By creating bottlenecks

• By reducing employee roles