Quiz
Uncertainty - Risk, reward and change
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Questions in this quiz (6)
1What is the definition of 'uncertainty'?
- AUnpredictability, indeterminacy, or indefiniteness of the business environment.
- BKnowing what's going to happen next.
- CWays in which business change existing business practice.
2Some reasons why the business environment can be uncertain are ...
- AChanges in the economy
- BCustomer demand changing
- CCompeting businesses
- DThe British egg council.
3Which 2 television personalities presented a 2008 Channel 4 documentary on the life of battery chickens?
- AJamie Oliver and Hugh Fearnly-Whittingstall
- BJimmy Doherty and Fern Cotton
- CHeston Blumenthal and Padma Lakshmi
4Why did farmers have to change their business practises after this programme?
- ACustomers were appalled at the conditions their chickens were living in.
- BCustomers weren't buying as many chickens, so farms would have lost money.
- CKFC needed more ethically sourced chickens.
5Consequences to a business of not taking risks can include ...
- AThey can lose market share
- BThey can see a downturn in profits
- CThey can increase advertising
6On what pages can you read more about "Uncertainty - Risk, reward and change"?
- A42 - 45
- B17 - 21
- C61 - 64
Information
- Description
- OCR Applied Business Studies
- Author
- omearatho
- Language
- English
- Views
- 91
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