Business Industry Trivia Page - 2

Trivia Questions

What term describes a business model where a company primarily conducts its sales and operations over the internet, without a physical retail storefront?

Which international organization, established in 1995, aims to supervise and liberalize international trade?

What type of funding is typically provided by investors to startup companies and small businesses with perceived long-term growth potential?

In the context of business-to-business marketing, what does the acronym B2B stand for?

What business strategy involves a company acquiring another company to achieve growth, gain market share, or diversify operations?

Which business strategy focuses on creating new market space, making the competition irrelevant, rather than competing in existing, crowded markets?

Passed in 1890, which landmark U.S. federal statute was the first measure enacted to prohibit monopolies and trusts, promoting economic competition?

What economic term describes the phenomenon where increasing the scale of production leads to a decrease in the average cost per unit of output?

Which influential private equity firm, co-founded by Stephen Schwarzman, is known for its significant investments in various sectors and alternative asset management?

Originating in Japan, what is the management philosophy that advocates for continuous, incremental improvement across all functions and levels of an organization?