Renewable Energy Nationalisation Quiz

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Questions and Answers

What distinguishes EcoPower Innovations in the renewable energy sector?

  • Annual energy output and flat organisational structure
  • High efficiency and democratic management style (correct)
  • Large number of employees and innovative technologies
  • Exclusive government subsidies and quick decision-making

How does the government support EcoPower Innovations in the development of green technologies?

  • By providing subsidies (correct)
  • By enforcing regulations
  • By acquiring the company
  • By imposing taxes

Why is there a discussion about nationalising EcoPower Innovations?

  • To reduce the number of workers
  • To guarantee renewable energy supply at affordable prices (correct)
  • To increase profits for the company
  • To decrease employee involvement in decision-making

How does EcoPower Innovations facilitate quick implementation of sustainable practices?

<p>Through a flat organisational structure (A)</p> Signup and view all the answers

What age group of tourists is IslandWheels Car Rentals targeting?

<p>20-35 year-olds without children (D)</p> Signup and view all the answers

What kind of strategy does IslandWheels Car Rentals plan to adopt?

<p>Red ocean strategy (C)</p> Signup and view all the answers

What is the main reason for IslandWheels Car Rentals needing a large advertising budget?

<p>To compete with existing car rental companies (D)</p> Signup and view all the answers

What is the primary role that IslandWheels Car Rentals management considers themselves to have in the business?

<p>Resource allocators (A)</p> Signup and view all the answers

What is the main trade-off between opening a franchise and operating independently for IslandWheels Car Rentals?

<p>Immediate brand recognition vs. brand building from scratch (B)</p> Signup and view all the answers

Why does IslandWheels Car Rentals face a crucial decision regarding its operational model?

<p>To choose between opening a franchise or operating independently (C)</p> Signup and view all the answers

What impact do stringent environmental standards have on the car rental industry mentioned in the text?

<p>Higher costs for car rental companies to comply (C)</p> Signup and view all the answers

How is technology changing the expectations of customers in the car rental industry?

<p>Desire for advanced technology integration (C)</p> Signup and view all the answers

What effect does economic turmoil in Europe have on IslandWheels Car Rentals?

<p>Inflation impacting travel budgets (C)</p> Signup and view all the answers

How do large car rental franchises not operating on the island impact IslandWheels Car Rentals?

<p>Heightened competition in the market (A)</p> Signup and view all the answers

Why does IslandWheels Car Rentals need to carefully evaluate between franchise and independent operation?

<p>To address market dynamics and brand-building considerations (D)</p> Signup and view all the answers

In what way is IslandWheels Car Rentals responding to the challenges and opportunities of Madeira's tourism-centric economy?

<p>By strategically positioning itself in the market (A)</p> Signup and view all the answers

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