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Business Management and Workplace Safety Quiz

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Business Management and Workplace Safety Quiz

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Questions and Answers

What is a primary concern for the Australian tyre manufacturer when sourcing rubber from the global market?

Achieving economies of scale

Reducing logistics costs

Maintaining quality outputs (correct)

Increasing market share

What is the primary objective of the Australian tyre manufacturer's expansion strategy?

To improve product quality

To reduce operating costs

To increase market share

To achieve economies of scale (correct)

What is a potential challenge the Australian tyre manufacturer may face when sourcing rubber from the global market?

Higher labor costs

Increased transportation costs

Increased competition

Decreased quality of raw materials (correct)

What is a benefit of achieving economies of scale for the Australian tyre manufacturer?

Reduced operating costs Signup and view all the answers

What is the Australian tyre manufacturer's strategy to reduce operating costs?

Sourcing rubber from the global market Signup and view all the answers

What is a potential outcome of the Australian tyre manufacturer's expansion strategy?

Increased sales and profit Signup and view all the answers

Why is the Australian tyre manufacturer expanding its business?

To increase sales and profit Signup and view all the answers

What is a challenge the Australian tyre manufacturer may face when trying to achieve economies of scale?

Maintaining quality outputs Signup and view all the answers

What is the benefit of the Australian tyre manufacturer sourcing rubber from the global market?