L4M2 Defining Business Needs

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Showing 7–9 of 10 questions

Question 7

Which of the following technology is likely to be an innovation in financial sector?

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  • E-commerce

  • Robotics

  • E-auction

  • Blockchain

Question 8

According to Porter’s value chain, which of the following activities is categorised as support activity?

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  • Product warranties and special services

  • Storage of raw materials

  • Distribution of products from factory to retailer

  • Supervising the production line

  • Develop digital SRM technology to manage suppliers better

Question 9

Which of the following factors is most likely to be a barrier to new entrant in agriculture?

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  • High margins

  • Capital requirement

  • Reputation within the industry

  • Brand recognition