The difference between the cost of producing something and the price you sell it at., Investment, Profit margin, Expansion, Takeover, What is a synonym for "rival"?, Customer, Supplier, Partner, Competitor, What's this?, PEST(political, economic, social, and technological) analysis, Legal requirement, Product line, Market share, What is an antonym for "loss"?, Recession, Risk, Profit, Failure, Fill in the gap:"To stay ahead, we must ______ and create products that our competitors don't have.", innovate, cut costs, merge, tackle, Fill in the gap:"Apple is a ______ in the technology industry, known for its innovative products.", profit margin, takeover bid, major player, rival, When two or more companies join together to form one larger company., Sell-off, Competition, Overlap, Merger, A small local shop that is open long hours and sells a limited range of everyday items., Supermarket chain, Convenience store, Upmarket store, Department store, What is a synonym for "expand"?, Decrease, Shrink, Grow, Merge, When a customer scanning items and paying at a machine instead of going to a cashier. This is:, A convenience store, A takeaway, Self-service checkouts, A product line, What is an antonym for "buy (a company)"?, Acquire, Sell off, Take over, Compete, Fill in the gap:"The supermarket chain introduced new ________ products with their own label to attract budget-conscious customers.", own-brand, upmarket, processed, ready-made, Fill in the gap:"The two technology firms decided to ________ and form a single larger corporation.", acquire, take over, merge, compete, What is the definition for "takeover bid"?, A proposal to sell shares to employees, An offer from one company to buy another company, A plan to reduce company costs, A strategy to enter new markets, What is the definition for "economic recession"?, A period when the economy is not growing and is getting worse, A time when companies make high profits, A period of rapid economic growth, A period of low unemployment, A group of related products made by the same company and sold under the same brand., Product mix, Product line, Product range, Product development, A company notices that customers want more eco-friendly packaging. They decide to create new sustainable materials for their products. What did the company do?, Cut costs, Miss an opportunity, Anticipate customer needs, Squeeze their budget, A manager asks her team to think of ideas to reduce spending on office supplies, electricity, and travel expenses. What is she trying to do?, Make a profit, Develop a strategy, Take over, Cut costs, Fill in the gap: "The ________ of new software systems has improved their customer service significantly.', develop, development, developed, developing, Choose the correct meaning based on context:"The two departments had significant overlap in their responsibilities, which led to confusion.", Similar functions that are duplicated, Clear division of work, Complete separation, Competition between departments, Choose the correct meaning based on context:"The company decided to go beyond their usual market and start selling in emerging economies.", Stay within, Do more than is expected; exceed a limit, Reduce their activities, Follow the usual plan, Food that has been changed from its natural state, often by adding chemicals or sugar., Ready meal, Fresh food, Own-brand food, Processed food, Training courses that are organized for employees inside the company., External training, Online training, In-company training, Language training, The state of being extremely overweight, which is a serious health problem., Obesity, Takeover, Development, Upmarket, Something that is demanded by law; a rule a company must follow., Doable requirement, Demand requirement, Legal requirement, Bold plan, A company has just bought 51% of the shares of its biggest rival, giving them control over both companies.What is described?, Expansion, Takeover, Acquisition, Development, A manager presents a plan to the board that is very risky and unconventional, but could lead to massive profits. It's not a safe or "doable" plan; it's a big gamble.What is described?, Doable plan, Legal requirement, Expansive strategy, Bold plan, After a terrible quarter, sales have finally stabilized and the company is showing growth again.What is described?, Things are back on track, Miss an opportunity, Failure, Tackle a problem, A pre-cooked meal that you only need to heat up before eating., Healthy option, Ready meal, Upmarket product, Supermarket chain, Fill in the gap:"Due to changing consumer habits, the demand for our flagship product is starting to ______, forcing us to cut prices.", acquire, outperform, develop, squeeze, Fill in the gap:"If we don't deal with this supply chain issue now, we'll have no way to ______ the problem before the holidays.", acquire, tackle, miss, squeeze, What is the meaning of "upmarket"?, Designed for people who have a lot of money; high quality., A country with a growing economy., The tax that companies pay on their profits., To do better than your competitors., What is the meaning of "outperform"?, To compete., To do better than competitors., To acquire another company., To fail to succeed., Fill in the gap:"When entering the Japanese market, it's crucial to remember it is one of the most _____________ in the world.", expanding cultures, bold plans, direct cultures, indirect cultures, A large supermarket group, like Tesco or Carrefour, buys all the shares of a smaller, local grocery store to gain full control. What is this business action called?, A failure, A performance, An acquisition, A development, A country like Vietnam is experiencing rapid economic growth, creating many new business and trade opportunities. How would we describe this country?, A developed market, An emerging market, A profitable market, An upmarket, This is the amount of a product or service that customers want to buy., Demand, Acquisition, Performance, Development, Fill in the gap:"That sounds like a possible solution:simple and ________.", expansive, developing, a bold plan, doable, This is the act of becoming larger in size, number, or importance. What is it?, Failure, Demand, Expansion, Competence, A company decides to not invest in a new technology because they think it's too expensive. A year later, their main competitor uses that technology to gain a huge advantage. What did the first company do?, They developed a strategy., They missed an opportunity., They outperformed the competition., They made an acquisition.

B2 BCC Topic 4

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