
Business School 101 Quiz
Interactive Video
•
Business
•
10th - 12th Grade
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two key concepts introduced in Business School 101 for understanding global expansion?
Product development and customer service
Learning effects and economies of scale
Supply chain management and marketing strategies
Financial accounting and human resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do learning effects benefit companies over time?
By increasing the number of products sold
By expanding into new markets
By increasing the price of goods
By reducing production costs through improved efficiency
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the learning curve effect demonstrate?
The increase in production costs over time
The constant labor hours required per unit
The decrease in labor hours required per unit as production increases
The increase in labor hours with more production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a fixed cost in economies of scale?
Advertising costs
Labor wages
Raw material costs
Research and development expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economies of scale is achieved through bulk purchasing?
Technical economies of scale
Purchasing economies of scale
Financial economies of scale
External economies of scale
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a company achieve technical economies of scale?
By investing in advanced technology
By hiring more employees
By reducing product prices
By increasing marketing efforts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key difference between learning effects and economies of scale?
Learning effects focus on human capital, while economies of scale focus on financial capital
Learning effects are more important in large companies
Economies of scale are only applicable to manufacturing industries
Learning effects are irrelevant in modern business
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