the first test

Question 1

cost leadership

Answer 1

generic strategy that aims to establish an advantage by having the lowest price on (mass) market
ikea, ryanair, biedronka, fast fashion

Question 2

ways to achieve a cost leadership

Answer 2

economy of scale= with the increase of value of production the avarage unit cost decreases (making a 100 umbrellas is cheaper than making 10)

improve supply chain=buy from cheaper supply chains

insworking production= companies who move production inside theirk idk just so they dont need supply chain

relocation= relocating the factory to a place with a cheaper production cost

Question 3

differentiation

Answer 3

making a product different or manipulating people to make them feel as if its different like STUPID FUCKIMG STARBUCKS

Question 4

focus

Answer 4

ib calculators (that i need to buy) but its targeting a smaller more specific group of people knowing thet need this product so no matter what they have to pay for it they will its producting that something special extra nobody will ever pay for it

Question 5

stuck in the middle

Answer 5

just dont do tht bbygirl kendall roy or youll go bankrupt

Question 6

primary sector

Answer 6

getting the raw resources

Question 7

secondary sector

Answer 7

uses the raw recourses for manufacturing

Question 8

tertiary sector

Answer 8

provides services transport

Question 9

quarterly sector

Answer 9

uses knowledge it computers blahblahblah

Question 10

the demand and supply

Answer 10

demand=number of goods ppl need
supply=number of supply the business is willing to provide

Question 11

economy paradox

Answer 11

zosia bogolebska oh no this is too cheap i need a more expensive one or ill get cancer btw lets snort some tabacco

Question 12

steeple analysis

Answer 12

a business tool that enables us to analyse the extend fwatures affecting tyhe company (what it wants to produce, how much shoukd it produce, where to produce and sell what recources to use

S ocial
T echnical
E conomical
E nviromental
P olitical
L egal
E cological

Question 13

reasons for starting up a business

Answer 13

GET CASH
Growth
Earnings
Transference
Challenge
Autonomy
Security
Hobby

Question 14

PRIVATE SECTOR

Answer 14

Organizations that operate in the private sector are owned and controlled by private individuals and businesses, rather than by the government. The main aim of most private sector organizations is to make profit.

Question 15

public sector

Answer 15

Organizations that operate in the public sector are under the ownership and control of the government.Traditionally they provide essential goods and services that would be underprovided by the private sector.

Question 16

state owned enterpries

Answer 16

Organizations that are wholly owned by the government are called state-owned enterprises