Check Your Strategic Industrial Gas KnowHow in 30 Minutes

This RapidKnowHow Quiz offers multiple-choice questions to help you identify your baseline knowledge of industrial gas business essentials. Enjoy!

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#1. Business Strategy That Works

Invest in Related Businesses to Avoid Competition

Invest in Related Businesses to Avoid Competition

Choose a Niche and Become #1 or #2 within 3-5 Years

Choose a Niche and Become #1 or #2 within 3-5 Years

Expand Geographically to Maintain Growth

Expand Geographically to Maintain Growth

#2. Financial Strategy Not Hokey Sticks

Business Opportunity Before Financial Evaluation

Business Opportunity Before Financial Evaluation

Create and Evaluate 3 Scenarios and Look at Every Deal with a "Walk Away" Position

Create and Evaluate 3 Scenarios and Look at Every Deal with a "Walk Away" Position

Sales First! Without Sales No Business

Sales First! Without Sales No Business

#3. Shop Around for the Best Technology

Buying Technology is the Best Low Cost and Capital Strategy

Buying Technology is the Best Low Cost and Capital Strategy

Own Your Branded Technology Makes You the Leader of the Complete Value Chain

Own Your Branded Technology Makes You the Leader of the Complete Value Chain

Produce Your Own Technology Locally to Be Perceived as the Most Reliable Supplier

Produce Your Own Technology Locally to Be Perceived as the Most Reliable Supplier

#4. Build or Recruit Key Management Resources

Grow Always Your Own Management within Your Existing Staff

Grow Always Your Own Management within Your Existing Staff

Recruit Key Leaders and Experts Also from Outside the Industry to Get an Out - Of -The-Box Approach

Recruit Key Leaders and Experts Also from Outside the Industry to Get an Out - Of -The-Box Approach

Managing the Nots and Bolds of the Industrial Gas Business Requires Engineers on All Management Levels.

Managing the Nots and Bolds of the Industrial Gas Business Requires Engineers on All Management Levels.

#5. The Industrial Gas Market Policy is a set of rules for decision making that should be followed by all local gas companies to take full advantage of InnovaGas's strength as an international group

True

True

False

False

#6. Common Factors for an Industrial Gas Segment are: Similar customer needs, on seperate local markets, in every country, constituting the core business for InnovaGas

True

True

False

False

#7. Reducing Price is a sound market strategy for the industrial gas business ? Customers value safety of supply more than lower prices because industrial gas prices are just a small fraction of Cost of Goods Sold. BUT No Gas , No Production. Professional Industrial Gas Supplier guarantee INDUSTRIAL GAS AVAILABILITY

True

True

False

False

#8. How to Secure a Long-Term Profitable Growth in the Cutting and Welding Segment?

Technological Leadership

Technological Leadership

Cooperation with Selected Hardware Suppliers

Cooperation with Selected Hardware Suppliers

Professional Salespeople Offering Profitable Solutions to Direct Customers

Professional Salespeople Offering Profitable Solutions to Direct Customers

All Three

All Three

#9. How to Secure a Long-Term Growth In the Medical Segment?

Specialist Organization with Pharmaceutical Marketing Approach and Profile

Specialist Organization with Pharmaceutical Marketing Approach and Profile

Total Responsibility and Care for Reliable and Safe Gas Supply

Total Responsibility and Care for Reliable and Safe Gas Supply

Complete Service Packages (Gas, Supply, Application Advice)

Complete Service Packages (Gas, Supply, Application Advice)

All Three

All Three

Finish

Get Started to craft your industrial gas strategy. Wish You All Success!