Uncertainty - Risk, reward and change

Beschreibung

OCR Applied Business Studies
omearatho
Quiz von omearatho, aktualisiert more than 1 year ago
omearatho
Erstellt von omearatho vor mehr als 10 Jahre
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Zusammenfassung der Ressource

Frage 1

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

Frage 2

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

Frage 3

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

Frage 4

Frage
Why did farmers have to change their business practises after this programme?
Antworten
  • 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.

Frage 5

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

Frage 6

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