Principles of Business Kahoot 2
The growth of e-commerce is changing the way companies do business by allowing them to
be accessible to customers at all times
Levels of inflation and unemployment are factors that affect __________ in the world market.
competition
A business that fails to protect its employees from risk or hazards on job may be sued for
negligence
People from other countries may view a bow or handshake differently than the US. This is called
non-verbal cues
Which is an example of a business using technology to improve the efficiency of salespeople:
providing people with laptop computers
Government can prevent unqualified persons from operating a business by
refusing to grant them a license
An advantage to a business filing Chapter 11 bankruptcy is the process allows the business to
reorganize
A business should conduct environmental scans on a continuous basis so that it can
respond to opportunities and threats quickly
One reason it is important for businesses to identify and respond to current business trends is
to remain competitive
An American in London is offered a "cuppa" by a his host. He didn't know it means cup of tea.
This is an example of a language barrier
One reason that some U.S. businesses have moved some operations to foreign countries is to
lower their labor costs
What trends are considered when we analyze where customers live and their ethnic backgrounds?
Demographic
Which of the following would be done first in an environmental scan:
Identify participants and assign responsibilities
What is a way that trends toward protecting the environment has a negative effect on business?
Increases costs
A country with a weak currency value tends to
decrease its imports and increase its exports.
A distributor would like to track its customers geographically. Which application would be best
Database
Which is an example of increased financial risk for a company with poor business ethics:
Decreased company value
To keep current customers and attract new ones, the ABC Co lowered prices on products. Cause?
Changes in consumer spending
Which factors affecting the business environment is represented by the business's location?
Cultural
One internal factor that affects the business environment is
Management Style
Which of the following will foster a business's ability to adapt to changing markets:
Proactive Management
Which of the following factors has aided the most in creating a global business environment:
Technology
What is the gov't doing when it buys wheat to keep the price high for farmers to make a profit?
Using price supports
One reason an existing business might develop a company web site is to
create a new revenue source
As company's use of information-management systems continues to grow, an important concern is
customers' rights to privacy
If a company takes an action, which some may consider unethical, might be that the action
is not illegal
Computer database programs make it easier for businesses to manage
large amounts of related data
One way that technological innovation has changed business is by decreasing the use of
paper forms
