Managing The Business Quiz 2

76This quiz is designed to test your knowledge of the modules of the “Managing The Business” lessons in the Management Skills Courses, specifically;-

Product and business life cycles

Business life cycle

Ethics or Profit?

Business ethical policy

Licensed merchandise

Risks and rewards of licensed merchandise

There are ten questions some of which are “tick all that apply “and others are True/False.

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The pass mark is 700 out of a potential 1000 points, 100 for each question.

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Managing The Business Quiz 2

From a manufacturing or retailers perspective, buying the licensing rights to a popular character can;-

A license will;-
Select all that apply

Licensing is a business arrangement in which one company (the licensor) gives another permission to manufacture and sell products bearing images to which it owns the copyright. In return the licensor gets all the revenue from products sold under the license.

A license may specify a minimum sales revenue, or that royalties reach a minimum amount.

An ethical approach aims to;-
Select all that apply

Ethical Policy may cover:-
Select all that apply

There are those who argue that the objective of any company is firstly to make a profit, and that many organisations have a stated aim off maximizing shareholder returns, in which case sacrificing profits to ethics may conflict with director’s fiduciary responsibilities.

A new business development manager can take action to extend the life of the business. This may involve;-
Select all that apply

The Product life cycle is the series of events that sees a new product come into existence, and follows its growth into a mature product, potential expansion, critical mass and eventual decline.

Business success often depends on entrepreneurs and management teams recognising where the business is positioned in the life cycle and developing the most appropriate strategies for that stage in the cycle, and their plans and ambitions for the business.

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Comments

Managing The Business Quiz 2 — 28 Comments

  1. Your lesson sharpens my business knowledge a lot ,thank and a God bless

  2. I WOULD LIKE TO DO YOUR QUIZ. COULD YOU PLEASE SEND ME SOME OF YOUR LESSON TO BE A PART OF.

  3. please award us with a certificate after the course the lesions is very interesting thanks so much.

  4. I believe this particular management skills will increase someone ability to achieve something. How can someone getting the certificate to improve his CV.

  5. I very much enjoy studying the management and business skills course,thank you so much