Business Management Quiz
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Questions and Answers

What enables Volava's manager to assess business risks?

  • His marketing experience
  • His financial knowledge
  • His business acumen
  • His technological expertise (correct)
  • What is the primary focus of Volava's business?

  • Creating content for Netflix
  • Developing software solutions
  • Selling smart bicycles (correct)
  • Processing subscribers' data
  • What is the main characteristic of a company undergoing 'platformisation'?

  • It is transitioning from a hardware-based to a software-based business
  • It is building data centres to store customer data
  • It is transforming its products into services
  • It is creating an ecosystem with third parties to offer multiple products and services (correct)
  • Which of the following is NOT a priority for Volava's business?

    <p>Processing subscribers' data</p> Signup and view all the answers

    What is the result of a company undergoing 'platformisation'?

    <p>A growing client base with access to multiple products and services</p> Signup and view all the answers

    Study Notes

    Business Concepts

    • A manager's key point was that technological expertise helps assess business risks linked to technology used.
    • Business 'platformisation' refers to a company's capacity to create an ecosystem with third parties to offer multiple products and services to a growing client base.

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    Description

    This quiz assesses your knowledge of business concepts and strategies. Test your understanding of key business principles and ideas.

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