WACE Business Management and Enterprise Practice Questions
The 64 practice questions inside the WACE Business Management and Enterprise Mastery Pack, grouped by area of study. Every question comes with a full worked solution.
- Strategic international business growth
- Multiple choice × 24
- Outline × 1
- Explain × 2
- Describe × 2
- Advise × 1
- Recommend × 1
- Analyse × 1
- Global business operations
- Multiple choice × 24
- Analyse × 3
- Explain × 1
- Describe × 1
- Outline × 1
- Comment on × 1
- Discuss × 1
Sunraysia Nut Co, an Australian nut-processing business, is considering expanding its sales into South-East Asian markets. Outline two factors that could be driving Sunraysia Nut Co's decision to pursue global development.
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Answer: Worked solution
Answers could include:
- Financial growth opportunities and/or loss minimisation: domestic demand for Sunraysia Nut Co's products may be limited or highly competitive, so entering South-East Asian markets, where demand for packaged snack foods is growing, offers a chance to increase sales revenue and profit, or to offset a decline in domestic sales.
- Consumer purchasing and spending patterns: rising incomes and changing consumption patterns in South-East Asia, such as a growing preference for convenient, health-oriented snack foods, create new demand that Sunraysia Nut Co could supply, giving it a larger potential customer base than the domestic market alone.
Mark allocation: for each factor (2 x 2 marks): outlines the factor with reference to Sunraysia Nut Co's situation, 2 marks; identifies the factor only, 1 mark. Accept other relevant factors driving global business development, such as World Trade Organisation regulations and sanctions or deregulation of the financial market, provided they are outlined and applied to the scenario.
20 full-length practice exams with worked solutions, 20 revision notes, 64 practice questions and 200 flashcards.
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