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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 (D) Signup and view all the answers

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

Sourcing rubber from the global market (A) Signup and view all the answers

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

Increased sales and profit (D) Signup and view all the answers

Why is the Australian tyre manufacturer expanding its business?

To increase sales and profit (D) 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 (B) Signup and view all the answers

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