A. New products which fully replace existing ones in the market

B. Products that improve existing solutions incrementally

C. Innovations that change or create new market dynamics and displace established businesses

D. Simple innovations that streamline existing processes

A. A market with a wide range of products and services

B. A market that caters to low-cost offerings for mass consumers

C. A market in which a few firms dominate

D. A market where a few firms dominate

A. Acquiring a competitor in the same industry

B. Merging with a supplier of raw materials

C. Entering a new geographic market

D. Expanding into unrelated business sectors

A. Patent

B. Machinery

C. Cash

D. Real estate

A. Each transaction is recorded only once

B. Each financial transaction has an impact on two accounts debit and credit

C. Business operates under the cash accounting system

D. Transactions are reported in the balance sheet of the company only

A. Customer support

B. Printing financial statements

C. Internal audit

D. Office premise maintenance

A. The use of only financial metrics in decision-making

B. The use of only financial metrics in decision-making

C. The customer at the heart of business strategy and decision-making

D. The internal operational efficiency of the organization

A. A dramatic increase in consumer demand

B. The fluctuation in inventory levels caused by changes in customer demand

C. The inefficiency in transportation logistics

D. A short-term increase in production costs

A. The company’s commitment to maximizing profits for shareholders

B. The company’s legal obligation to reduce pollution

C. The company’s efforts to contribute positively to society and the environment

D. The company’s focus on customer satisfaction

A. To analyze financial ratios

B. To identify competitive advantages

C. To evaluate the economic impact of new products

D. To examine internal and external factors affecting a business

A. Focus groups

B. Observational studies

C. Surveys and questionnaires with numerical data

D. Personal interviews

A. The total value of its physical assets

B. The value derived from consumer perception of the brand

C. The market share the brand holds in its industry

D. The cost of acquiring new customers

A. The sum value of a corporation's fixed resources

B. The funds invested in long-term projects

C. The amount of money generated from the issuance of shares

D. The capital raised through issuing shares

A. Rent

B. Salaries of permanent workers

C. Raw material

D. Premiums paid in insurance

A. Offering the same product as competitors but at a lower price

B. Providing a unique product or service that stands out from competitors

C. Reducing costs to increase efficiency

D. Mergers with its competitors to make the market low in competition

A. To oversee the production of goods

B. To manage investments and maximize returns for shareholders

C. To ensure the company's compliance with legal standards

D. To oversee employee relations and welfare

A. The explicit policies and laws that a business follows

B. The set of shared values, beliefs, and practices at the organizational level

C. The cultural richness in terms of employees belonging to diverse cultures

D. The educational background of the company's leadership

A. Expanding into new product lines

B. Increasing marketing efforts to capture more market share in existing markets

C. Acquiring a competitor in the same industry

D. Diversifying into unrelated industries

A. A brick-and-mortar business

B. A hybrid business

C. An e-commerce business

D. A service-oriented business

A. The shortest possible time it may take to deliver a project

B. The longest path through a project with the least amount of risk

C. The sequence of tasks that determine the project’s minimum duration

D. The tasks that are less critical but still need to be completed on time

A. High initial price with the aim of capturing market share

B. Gradually cut prices to appeal to customers.

C. Hike the prices initially to exploit early adopters for maximum profit

D. Price reduction to the customer due to the quantum of purchase done

A. Diversification into new geographic markets

B. Purchasing firms in the same industry to raise market share

C. Merging with suppliers or distributors to control more pieces of the supply chain

D. Developing new products for other industries

A. To ensure smooth running of the production

B. To improve the market share and profitability of the business

C. To reduce the expense of advertising

D. To manage the firm's financial records

A. Marketing expenses

B. Rent for office space

C. Employee wages

D. Research and development costs

A. The ease with which a company can enter a new market

B. The difficulties companies face when attempting to leave a market

C. The lack of competition in a given market

D. The barriers companies face when attempting to innovate

A. Market segmentation

B. Market study

C. Competitive analysis

D. Branding

A. Relocating business functions to another country's market

B. Outsourcing parts of business activities to third-party providers

C. Issuing shares to outside investors

D. Developing the company's own in-house activities

A. Multiple firms producing differentiated products

B. Free entry and exit to the market

C. Homogeneous products

D. Some level of price control by individual firms