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Business Strategy Quiz

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Questions and Answers

Which of the following best describes business management?

The actions taken by a company to make money (correct)

The process of reaching business goals

The strategies used to get customers

The act of making money for a company

What is a company's mission in business management?

The goals a company sets for its customers

The vision a company has for its management

The objectives a company has for its workers

The desired outcomes a company wants for itself (correct)

Why is marketing important in business strategy?

To create a great product or service

To sell products to customers (correct)

To develop new products

To conduct research on customers

What does R&D stand for in the context of business strategy?

Research and Development Signup and view all the answers

Why is it important for a company to make people want to buy their product?

To increase revenue Signup and view all the answers

Which of the following best describes an acquisition in the context of business strategy?

One company taking over a different company and becoming the new owner Signup and view all the answers

What is one reason why a business owner might choose to use the strategy of mergers and acquisitions?

All of the above Signup and view all the answers

Which of the following is an example of a well-known acquisition?

Facebook's acquisition of WhatsApp Signup and view all the answers

What is the difference between a merger and an acquisition?

A merger is when two companies become one, while an acquisition is when one company takes over another Signup and view all the answers

Why might a business owner choose to buy a company instead of growing their own company organically?

To save time and effort Signup and view all the answers

Business Strategy Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following best describes business management?

What is a company's mission in business management?

Why is marketing important in business strategy?

What does R&D stand for in the context of business strategy?

Why is it important for a company to make people want to buy their product?

Which of the following best describes an acquisition in the context of business strategy?

What is one reason why a business owner might choose to use the strategy of mergers and acquisitions?

Which of the following is an example of a well-known acquisition?

What is the difference between a merger and an acquisition?

Why might a business owner choose to buy a company instead of growing their own company organically?

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