Business Concepts Quiz
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Questions and Answers

SRGG stands for?

  • Crisis Management and Advertising
  • Corporate Social Responsibility and Good Governance (correct)
  • Corporate Crisis and Man-made Disaster
  • Advertising and Sales
  • The concept that companies meet the needs of their customers and respond to market changes faster than competitors, grow faster and are more profitable than others in the industry is known as?

  • Good Governance
  • Supply Chain Management
  • Global Marketplace
  • Time-based Competition (correct)
  • What are the business activities that a firm engages in to convert materials into finished products and services, sell them to customers, and gain profit?

  • Manufacturing
  • Operational Flexibility
  • Operations (correct)
  • Good Governance
  • Who simply purchases goods from manufacturers and wholesalers and markets these goods to customers?

    <p>Retailer</p> Signup and view all the answers

    What set of activities create value in a business?

    <p>Operations</p> Signup and view all the answers

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