Question detail

BeanBarn serves tourists while improving quality control; the case evidence includes average order value of ?4,484, sales of 849 units, and a 21% change in costs or demand. Which option best applies Explain activities businesses can use to minimise risks?

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At a glance

MCQ

Type

practice

Style

Topic

Competitive environment

Question

A. Use risk to judge unit contribution, customers impact, and the business objective in Uncertainty and risk.
B. Give only a definition of Competitive environment without using the case evidence.
C. Treat stakeholders and shareholders as identical and ignore the effect on customers.
D. Choose the largest sales figure without checking costs, finance, or context.

Answer

The correct option is: Use risk to judge unit contribution, customers impact, and the business objective in Uncertainty and risk.

Explanation

Choose this response because Use risk to judge unit contribution, customers impact, and the business objective in Uncertainty and risk. The case evidence gives ?5,984, 849 units, and 21%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse stakeholders and shareholders, miss the customers, or ignore the business objective.

Common mistake

Uncertainty and risk common mistake 1

Giving a vague answer instead of directly addressing: Explain activities businesses can use to minimise risks..

Answer by clearly explaining how to explain activities businesses can use to minimise risks..

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PixelPrint serves business clients while changing promotion; the case evidence includes supplier lead time of ?10,774, sales of 579 units, and a 37% change in costs or demand. Which option best applies Explain activities businesses can use to minimise risks?