Quiz on Change in Business

What is one of the few things that is certain in life according to the document?

• Success

• Change

• Wealth

• Happiness

Which of the following is a reason for change in business?

• Stability in revenue

• Consistent legislation

• Mergers

• Decrease in costs

What type of change involves the introduction of computerised systems?

• External change

• Cultural change

• Internal change

• Market change

Which factor is NOT listed as a reason for change in business?

• Rising costs

• New technology

• Consistent market trends

• Changes in legislation

What might cause an organisation to restructure its business?

• To become less competitive

• To maintain current efficiency

• To become more efficient or competitive

• To reduce market share

What is a possible external change factor for an organisation?

• New ownership

• Emerging new technologies

• Internal staff changes

• Introduction of new products

What might influence consumer choices and habits according to the document?

• Consistent economic conditions

• Stable political climate

• Various factors

• Unchanging market trends

What can new regulations or legislation require organisations to do?

• Ignore them

• Accommodate them

• Maintain current practices

• Reduce innovation

What might competitors force an organisation to do?

• Increase prices

• Change its strategy

• Reduce market share

• Maintain the status quo

What is a potential impact of environmentally-aware customers?

• No change in operations

• Increased waste production

• Change in the way an organisation operates

• Decreased environmental protection