Practice Modernisation - 5.5 | Chapter 3: Business Size and Finance | ICSE Class 12 Business Studies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define modernisation in a business context.

πŸ’‘ Hint: Think about how businesses update their systems.

Question 2

Easy

What is one benefit of modernisation?

πŸ’‘ Hint: Consider how process improvements help companies operate better.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is modernisation in business?

  • A method of increasing financial risk
  • Adopting new technologies to improve operations
  • A process that does not impact customer satisfaction

πŸ’‘ Hint: Think about the reasons businesses update their methods.

Question 2

True or False: Modernisation can lead to better customer satisfaction.

  • True
  • False

πŸ’‘ Hint: Remember how technological improvements can affect customer experiences.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze the potential risks involved in modernising a business and suggest mitigation strategies.

πŸ’‘ Hint: Consider real-life cases where businesses faced challenges during modernisation.

Question 2

Evaluate how modernisation can differ in impact for various business sizes (micro, small, medium, large).

πŸ’‘ Hint: Reflect on resource availability and agility in adopting changes.

Challenge and get performance evaluation