Business Content 1
The the total value of everything produced by all the people and companies within a country.
Gross Domestic Product (GDP)
What year was the first iPhone released?
2007
What is the largest mammal in the world?
Blue whale
What is the name of the largest ocean on Earth?
Pacific Ocean
A process to identify, evaluate and understand the risk of business actions and decisions in order to minimise, control or eliminate the impact of unacceptable risks.
Risk management
When a business has fully captured its target market and can no longer grow in its current state or has hit the peak of its market, it has entered what stage of the business life cycle.
maturity phase
What year did Netflix, previously a DVD rental business, introduce streaming services?
2007
In what galaxy is our solar system located?
Milky Way
In what fairy tale does a pumpkin turn into a carriage?
Cinderella
A country with a fast-growing economy. It has may have some of the characteristics of a developed country, such as high gross domestic product (GDP) or widespread industrialisation
Emerging market
Which criteria evaluates to what degree has the business offered products or services that meet or exceed market standards in relation to other businesses?
Competitiveness
How many bones do sharks have?
Zero!
In which year did the Titanic sink?
1912
What is the currency of Japan?
Japanese Yen
A prepared course of action designed to help a business respond effectively to a future event or circumstance that may or may not happen.
Contingency planning
Strategic planning tool used to help a business identify opportunities to grow its revenue.
Ansoff Matrix
The shooting of whom, in 1914, started World War I?
Archduke Franz Ferdinand
What is the largest island in the world?
Greenland
What is the northernmost capital city in the world?
Reykjavik, Iceland
PPRR Model (risk management) - what does PPRR strand for?
prevention – take actions to reduce or eliminate the likelihood or effects of an incident
preparedness – take steps before an incident to ensure effective response and recovery
response – contain, control or minimise the impacts of an incident
recovery – take steps to minimise disruption and recovery
This strategy focuses on entering a new market with a new product or service; for example, expanding the scope of the current business into an unrelated market to widen the reach of goods and services offered.
Diversification
What is the slogan of Apple Inc.?
Think Different
What animal’s milk is pink?
Hippopotamus
What is the rarest blood type among humans?
AB-negative
What are the 4 stages in the employment cycle?
Acquistion
Development
Maintenance
Separation