20 questions
The process by which one or two or more persons engage in commercial activity for profit.
Business
Commerce
Trade
Partnership
Persons or company who supplies goods and services.
Consumer
Creditors
Government
Suppliers
The capability of a system to expand its total output under an increased volume of work when resources are added.
Autonomy
Big Idea
Profitability
Scalability
. A business which has its own identity and is distinct from the owners is called ____.
Autonomy
Big Idea
Profitability
Scalability
A business with the main purpose of gaining profit is called ___________.
Autonomy
Big Idea
Profitability
Scalability
A business that creates its own plan to expand its economic growth.
Autonomy
Big Idea
Profitability
Scalability
Which brand of drinks may be a very good substitute for Coca-Cola?
Mirinda
Pepsi
RC
7 Up
Industry rivalry among companies of the same or related industry is called_______.
Competition
Distribution
Alliance
Threats
Competitive advantages that can also be gained by business that seek cooperation within or related industries is termed as____.
Alliance
Cost-leadership
Defensive strategy
Threats
Individuals who will buy the products and services in the market.
consumers
creditors
government
suppliers
Margarine is a good substitute for ____________________.
butter
cheese
cheddar
bread
A strategy that businesses often use marketing and some ads are against the competitors.
advertising
cost leadership
alliance
defensive strategy
An advantage that occurs when a business is able to offer the same quality product as its competitors, but at a lower price.
differentiation
cost leadership
alliance
defensive strategy
This is a method used by a business to find attributes that is important and to set them apart itself from its competitors.
differentiation
cost leadership
alliance
defensive strategy
Products use as replacements to other products that gives the same purpose.
clone
substitutes
class a
overruns
Ford and Toyota sells the same products; it evident that there is a ____________ .
competition
distribution
alliance
threats
Printed and online promotion is needed in starting your business.
advertisement
big ideas
sustainability
growth
A principle in which everything must work together from employee to president or from equipment to resources.
systems
scalability
sustainability
growth
This is needed in every business. Without this, business operations will stagnate.
systems
scalability
sustainability
growth
This acts like a fire or a driving force that make every business successful.
principles
tools
techniques
strategies