Unit 4 Global Business Operations: WACE Business Management and Enterprise ATAR practice quiz
12 questions. Pick an answer and you'll see why right away. Options are shuffled each attempt, and the review at the end links each missed question to the dot point to revise.
Many firms can easily set up online stores selling the same product at low cost. Which of Porter's five forces does this mainly strengthen?
Video calling software reduces demand for business air travel. For airlines, which force does this represent?
A company sells premium outdoor gear with unique features and charges higher prices than its rivals. Which competitive strategy is this?
In a SWOT analysis, a new trade agreement that cuts tariffs in a target market is:
Which is the best example of a SMART objective?
In the strategic planning process, which step comes directly after the environmental analysis?
A manager compares monthly sales with targets and takes action when they fall short. Which management function is this?
A manager asks staff for their views on a new roster, then makes the final decision herself. Which management style is this?
The Reserve Bank raises the cash rate. What is the most likely effect on a business planning to borrow to fund an overseas expansion?
A company wants to raise funds for global growth by issuing new shares to the public. Which institution does it use?
Large Australian entities must report on modern slavery risks in their operations and supply chains. Which ethical issue does this mainly address?
A retailer runs its entire global online store on a single third-party platform. Which technology risk does this create?