ASSIGNMENT 2

In the local market, Evie's bakery and Samuel's cafe are constantly trying to outdo each other to attract more customers and increase their sales. What is this environment called?

Who is a competitor of Nike

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Who is a competitor of Coke

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Who is a competitor of Netflix

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Explain what we mean by competitive advantage in business.

What is the term used to describe the environment inside a business that they can more easily control?

Define company culture in business.

Match the following

• Focus on who's in charge

• ENTREPRENEURIAL CULTURE

• Focus on taking risks and having a go

• TASK CULTURE

• Focus on who's responsible for what

• ROLE CULTURE

• Focus on completing challenges

• POWER CULTURE

Which of these is a CSR policy?

• Supporting the environment

• Launching a new product

• A new marketing campaign

• Lowering the product prices

Oscar is working on a project to improve the company's image in the community. What is the primary goal of CSR in this context?

• Expanding market share

• Contributing to societal goals

• Enhancing shareholder value

• Maximizing profits