10 Questions
Which of the following best describes business management?
The actions taken by a company to make money
What is a company's mission in business management?
The desired outcomes a company wants for itself
Why is marketing important in business strategy?
To sell products to customers
What does R&D stand for in the context of business strategy?
Research and Development
Why is it important for a company to make people want to buy their product?
To increase revenue
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
What is one reason why a business owner might choose to use the strategy of mergers and acquisitions?
All of the above
Which of the following is an example of a well-known acquisition?
Facebook's acquisition of WhatsApp
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
Why might a business owner choose to buy a company instead of growing their own company organically?
To save time and effort
Test your knowledge on business strategy with this quiz! Challenge yourself to identify different strategies that a business can use to reach its goals and attract customers.
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