Why is it crucial for businesses to evolve in response to market changes?
Forces That Change Business Aims and Objectives

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Business
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11th Grade - University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To increase employee satisfaction
To maintain their current market position
To reduce operational costs
To avoid becoming obsolete and to grow
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a proactive approach in business strategy?
Waiting for competitors to make the first move
Making decisions in anticipation of future changes
Ignoring market trends
Focusing solely on cost-cutting measures
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can technology be both a benefit and a threat to businesses?
It can increase production costs
It can improve efficiency but requires constant updates
It can lead to employee layoffs
It can reduce the need for marketing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do social factors play in business strategy?
They only affect non-profit organizations
They have no impact on business decisions
They are irrelevant in a global market
They force businesses to adapt to changing customer preferences
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key consideration for businesses when deciding to enter or exit a market?
The color of their branding
The saturation level and potential profitability of the market
The number of employees they have
The location of their headquarters
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might a business choose to decrease its product range?
To improve customer service
To expand into new markets
To increase the number of employees
To focus on core products and reduce complexity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential reason for a business to increase its workforce?
To decrease production time
To improve employee morale
To support expansion and meet increased demand
To reduce operational costs
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