Question detail

CycleNest serves local families while changing supplier; the case evidence includes gross profit margin of ?2,621, sales of 221 units, and a 28% change in costs or demand. Which option best applies Explain how UK businesses may compete internationally through better design, higher quality and lower prices?

Try the question, check the answer, then read the explanation to understand the curriculum point.

At a glance

MCQ

Type

practice

Style

Topic

Globalisation

Question

  1. A. Use price, design, quality to judge average order value, suppliers impact, and the business objective in International competition and globalisation.
  2. B. Give only a definition of Globalisation without using the case evidence.
  3. C. Treat stakeholders and shareholders as identical and ignore the effect on suppliers.
  4. D. Choose the largest sales figure without checking costs, finance, or context.

Answer

The correct option is: Use price, design, quality to judge average order value, suppliers impact, and the business objective in International competition and globalisation.

Explanation

This answer fits the scenario because Use price, design, quality to judge average order value, suppliers impact, and the business objective in International competition and globalisation. The case evidence gives ?4,121, 221 units, and 28%, 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 suppliers, or ignore the business objective.

Common mistake

International competition and globalisation common mistake 1

Giving a vague answer instead of directly addressing: Explain how UK businesses may compete internationally through better design, higher quality and lower prices..

Answer by clearly explaining how to explain how UK businesses may compete internationally through better design, higher quality and lower prices..

Related flashcards

Flashcard 1 of 5

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 4 attempted