A business known for being the best in the industry or the most innovative business in the industry is known as a what?â
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15
Charlie owns and operates a teddy bear factory. Last year, he earned $250 000 in sales revenue with expenses of $190 000. Charlie has not made a profit. True or false?
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15
A technique used to assess opportunities and costs for a company
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15
Shell has spent millions of dollars on R&D to allow _________________ away from its original oil and gas business.
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15
Businesses must embrace innovation if they wish to achieve a competitive advantage.
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15
An increase in environmental consciousness is likely to lead to an increase in demand for plastic bags.
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15
Buyer power is ________ when buyers have many choices from whom to buy and __________ when buyers have few choices
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15
Charlie owns and operates a teddy bear factory. Last year, he earned $250 000 in sales revenue with expenses of $190 000. What is the profit margin for Charlieâs business?
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15
An increase in peopleâs income is likely to lead to ____________ in demand for jewellery.
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boom
Lose 50 points!
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fairy
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gift
Win 25 points!
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banana
Go to last place!
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15
What are Australia's two main exports?
Iron ore, coal
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15
Michael Porter proposed three âgenericâ competitive strategies, which are
Cost leadership, differentiation, focus
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lifesaver
Give 25 points!
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rocket
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fairy
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thief
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15
What country is Australia's main trading partner?
China
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15
Is this hypothesis? : Australia has firmly taken its place within the broader Asia region in recent decades due to the process of increasing economic interdependence.