Question $1(0\mathrm{.}25$ points$)$

$$

Saved

The business approach to social responsibility in which the firm goes beyond the bare minimum but only if they are asked, is the $\_\_\_\_\_\_\_\_\_\_$ approach.

Question $1$ options:

$$

reactive

$$

social indifference

$$

defensive

$$

accommodative

$$

proactive

Question $2(0\mathrm{.}25$ points$)$

$$

Saved

When Microsoft introduced Encarta, it caused the sale of hard copy encyclopaedias sold by Encyclopaedia Britannica to drop dramatically. This is an example of which of Porter's five forces?

Question $2$ options:

$$

Rivalry among existing competitors.

$$

Buyers.

$$

Threat of potential entrants.

$$

Substitutes.

$$

Suppliers.

Question $3(0\mathrm{.}25$ points$)$

$$

Saved

A motive to start a business is $\_\_\_\_\_\_\_\_\_,$ while $\_\_\_\_\_\_\_\_\_\_$ creates the need to run the business efficiently.

Question $3$ options:

$$

competition; profit

$$

profit; government

$$

profit; pride

$$

money; government

$$

profit; competition

Question $4(0\mathrm{.}25$ points$)$

$$

Saved

How does the Internet affect domestic and global business?

Question $4$ options:

$$

The internet levels the playing field between small and large businesses.

$$

The internet offers networking opportunities to businesses.

$$

The internet boosts trade in all sectors$.$

$$

The internet has made it easier for trade to occur.

$$

All of the above are correct.

Question $5(0\mathrm{.}25$ points$)$

$$

Saved

$\_\_\_\_\_\_\_\_\_\_$ uses word of mouth and the Internet to market products.

Question $5$ options:

$$

Viral marketing

$$

Virtual marketing

$$

Internet marketing

$$

Compressed channel marketing

$$

None of the above