Arie & Daniel

Question 1

When one company makes a successful bid to assume control of or acquire another.

Answer 1

Takeover

Question 2

It’s when a business looks at their existing employees to find a suitable candidate for a role they have.

Answer 2

Internal recruitment

Question 3

The process by an individual or organization establish brand new products, methods, ideas or further improve existing products.

Answer 3

Innovation

Question 4

A stage where the business reaches the point for growth and seeks out additional options to generate more profit.

Answer 4

Expansion

Question 5

Refers to different versions of a single product that are created in order to develop products that are similar but differentiated.

Answer 5

Product range

Question 6

The governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management.

Answer 6

Board of directors

Question 7

An individual or organization that has made a financial investment in a corporation in return for a “share” of ownership.

Answer 7

Shareholders

Question 8

A person, shop, or business that sells goods to the public

Answer 8

Retailer

Question 9

A business plan is an outline created by a company that explains the objectives, procedures, market standing, promotional strategies, and cost estimates of the company.

Answer 9

Business Plan