Uncertainty - Risk, reward and change

Descripción

OCR Applied Business Studies
omearatho
Test por omearatho, actualizado hace más de 1 año
omearatho
Creado por omearatho hace alrededor de 10 años
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Resumen del Recurso

Pregunta 1

Pregunta
What is the definition of 'uncertainty'?
Respuesta
  • Unpredictability, indeterminacy, or indefiniteness of the business environment.
  • Knowing what's going to happen next.
  • Ways in which business change existing business practice.

Pregunta 2

Pregunta
Some reasons why the business environment can be uncertain are ...
Respuesta
  • Changes in the economy
  • Customer demand changing
  • Competing businesses
  • The British egg council.

Pregunta 3

Pregunta
Which 2 television personalities presented a 2008 Channel 4 documentary on the life of battery chickens?
Respuesta
  • Jamie Oliver and Hugh Fearnly-Whittingstall
  • Jimmy Doherty and Fern Cotton
  • Heston Blumenthal and Padma Lakshmi

Pregunta 4

Pregunta
Why did farmers have to change their business practises after this programme?
Respuesta
  • Customers were appalled at the conditions their chickens were living in.
  • Customers weren't buying as many chickens, so farms would have lost money.
  • KFC needed more ethically sourced chickens.

Pregunta 5

Pregunta
Consequences to a business of not taking risks can include ...
Respuesta
  • They can lose market share
  • They can see a downturn in profits
  • They can increase advertising

Pregunta 6

Pregunta
On what pages can you read more about "Uncertainty - Risk, reward and change"?
Respuesta
  • 42 - 45
  • 17 - 21
  • 61 - 64
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