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QR Challenge: Business Studies gr11 quiz 2019

QuestionAnswer
What does LSM stand for when doing marketing?life style measurement
Identify the four elements of the Balance Score Cardfinancial perspective,customer perspective,internal business perspective, learning & growth perspective
Name any FOUR ethical theoriesprinciple-based,consequence-based,narrative,utalitarian-based,virtue-based
Identify the 4 main P's of marketing?price,product,place,promotion
What are the additional 3 P's of marketing?people,process,physical evidence
Name the two business environments over which a business has control?micro and market
In which business environment do the customers and suppliers of a business belong?market
Which strategic technique was Famous Brands using when deciding to purchase a dairy farm and cheese factory to source its various franchises from?backward integration
That petrol stations must sell petrol at a regulated rate falls into which business environment?macro
Why would it be beneficial for a business to get involved in a CSR campaign?name any advantage of CSR participation
Identify any three management styles?laizzes-faire,autocratic,democratic,transformational,charismatic,situational
Why did Pick 'n Pay find it beneficial to partner up with BP petrol stations?advantage of joint ventures
Name the term when a business is focused not only on profits but also on the well-being of the community and the environment?integrated reporting or TBL
What is the term given when an employee has to do more than they can cope with in their job?role overload
Name a decline strategy?retrenchment,closing-down

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