Business Change and Management Quiz

Why is change considered inevitable in business?

• Businesses always want to change.

• Change is often forced by uncontrollable factors.

• Change is unnecessary for success.

• Businesses can ignore change.

What might a business do to seize an opportunity and increase profitability?

• Ignore market trends.

• Voluntarily change operations.

• Maintain the status quo.

• Reduce product quality.

What is an example of a change a business might make due to legal reasons?

• Change the company logo.

• Alter the ingredients or materials used in a product.

• Increase employee salaries.

• Expand to new markets.

What is essential for managers and leaders to do in response to change?

• Ignore changes to focus on current strategies.

• Effectively manage changes to survive or maximize success.

• Resist any changes to maintain stability.

• Delegate all changes to lower-level employees.

When was Heinz Baked Beans launched in the UK as a luxury good?

• Between 1900 and 1910

• Between 1920 and 1930

• Between 1940 and 1950

• Between 1960 and 1970

Why did Heinz open two factories in the UK?

• To reduce shipping costs

• To meet demand due to product popularity

• To experiment with new recipes

• To avoid tariffs

What challenges did Heinz face during the 1930s and 1940s?

• Lack of demand

• Ingredient shortages and factory bombings

• Excessive competition

• Poor product quality

What notable approval did Heinz Baked Beans receive?

• FDA approval

• Royal approval

• Environmental certification

• Health certification

What are the two types of factors that can influence change in a business?

• Internal and external

• Financial and operational

• Local and global

• Short-term and long-term

Which analytical models are mentioned as tools to examine business factors?

• SWOT and PESTLE

• BCG and Ansoff

• Porter’s Five Forces and VRIO

• Lean and Six Sigma