Techno Topic 2

What is the primary goal of business management?

• To maximize production only

• To coordinate resources and achieve organizational goals efficiently and effectively

• To monitor employees without providing guidance

• To minimize customer satisfaction and loyalty

Which of the following best defines a Small and Medium Enterprise (SME)?

• A business that operates on a national level only

• A large corporation with more than 1,000 employees

• A business defined by its limited number of employees and revenue, typically operating locally or regionally

• A non-profit organization focused on charity work

What is a key characteristic of SMEs?

• Bureaucratic structure and limited flexibility

• High agility and the ability to adapt quickly to market changes

• Extensive global operations with a rigid hierarchy

• Focus solely on maximizing profit without customer relationships

In a business model, the term "value proposition" refers to:

• The unique benefits or value a company offers to its customers

• The marketing channels a business uses

• The method by which a company produces goods

• The number of employees in a company

Which of the following is a current business trend influenced by technology and AI?

• Strictly manual processes and paper-based systems

• The rise of personalized marketing and data-driven decision-making

• In-person networking as the only method of professional connection

• Incremental changes with a slow adoption of new trends