Business Studies Quiz
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Questions and Answers

Define business studies and explain the various elements it encompasses.

Business studies is a field of study that focuses on the principles of business, management, and economics. It combines elements of accountancy, finance, marketing, organizational studies, human resource management, and operations.

What is the purpose of teaching business studies?

The purpose of teaching business studies is to provide students with a general overview of the various elements involved in running a business.

Name three countries where business studies is taught under the name 'business studies'

Three countries where business studies is taught under the name 'business studies' are Mauritius, Oman, and South Korea.

In which country is business studies taught as part of the General Certificate of Secondary Education (GCSE)?

<p>Business studies is taught as part of the General Certificate of Secondary Education (GCSE) in England.</p> Signup and view all the answers

List three topics covered in business studies.

<p>Three topics covered in business studies are finance, marketing, and human resource management.</p> Signup and view all the answers

What is the importance of strategic planning for organizations?

<p>Strategic planning is critical for driving future success, profitability, value, and impact.</p> Signup and view all the answers

How often do larger organizations typically engage in strategic planning?

<p>Every three to five years.</p> Signup and view all the answers

What percentage of businesses plan more than a year out?

<p>63%</p> Signup and view all the answers

Who said 'Plans are worthless, but planning is everything.'?

<p>Dwight D. Eisenhower</p> Signup and view all the answers

According to John Kotter, how should strategy be viewed?

<p>As a dynamic force that constantly seeks opportunities.</p> Signup and view all the answers

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