Podcast
Questions and Answers
What term describes the act of creating new products or processes?
What term describes the act of creating new products or processes?
- Innovation (correct)
- Merger
- Research and development
- Globalisation
Which term refers to a business with operations in more than one country?
Which term refers to a business with operations in more than one country?
- Trading bloc
- Public Limited Company
- Ethics
- Multinational (correct)
What is the proportion of sales in a market taken by one business called?
What is the proportion of sales in a market taken by one business called?
- Degree of Competition
- Product Portfolio
- Culture
- Market share (correct)
Which term describes the cost of borrowing or a percentage that must be repaid in addition to the original borrowed amount?
Which term describes the cost of borrowing or a percentage that must be repaid in addition to the original borrowed amount?
What does a secured loan guarantee?
What does a secured loan guarantee?
Which term describes the process of changing a business to a Public Limited Company (PLC) by issuing shares on a stock exchange?
Which term describes the process of changing a business to a Public Limited Company (PLC) by issuing shares on a stock exchange?
What is the term for reducing the scale of operations by cutting employees or closing branches?
What is the term for reducing the scale of operations by cutting employees or closing branches?
Which group tries to influence government or business policies for a particular cause?
Which group tries to influence government or business policies for a particular cause?
What is the term for adapting to suit the local area and its needs, particularly in terms of culture, language, or geographical location?
What is the term for adapting to suit the local area and its needs, particularly in terms of culture, language, or geographical location?
