PBAM U1--Part 1--Ext. Env., Ec. Systems, and FOP

What are profits?

• Merchandise

• Income

• Expenses - Revenues

• Revenues - Expenses

McDonalds' menu adjustment in India is an example of which environment?

• Domestic

• Global

• Political-Legal

• Socio-Cultural

Factor of production that includes employees:

• Labor

• Capital

• Entrepreneurs

• Physical Resources

• Information Resources

Factor of production including money:

• Labor

• Capital

• Entrepreneurs

• Physical Resources

• Information Resources

Factor of production regarding those who start a business and assume the risks:

• Labor

• Capital

• Entrepreneurs

• Physical Resources

• Information Resources

Factor of production regarding furniture, supplies, and other tangible needs for starting a business:

• Labor

• Capital

• Entrepreneur

• Physical Resources

• Information Resources

Factor of production regarding data such as a secret recipe or data:

• Labor

• Capital

• Entrepreneur

• Physical Resources

• Information Resources

Electronics, telecommunications and computer apps used by a business

• Economic Environment

• Technological Environment

• Sociocultural Environment

• Domestic Business Environment

• Global Business Environment

Unemployment, inflation, and lending rates

• Economic Environment

• Technological Environment

• Sociocultural Environment

• Domestic Business Environment

• Global Business Environment

Customs, mores, values, demographics, values that a society accepts

• Economic Environment

• Technological Environment

• Sociocultural Environment

• Domestic Business Environment

• Global Business Environment