Nature of Business

You get a hair cut. 

• Good
• Service

True or False: A good is something you buy and consume. They are things you can keep, eat, or use.

• True
• False

An employee is an internal stakeholder?

• True
• False

Technological environment includes:

• advances in production technology
• advances in information technology
• popularity of e -banking
• all of the above

An organization that provides goods or services for the purpose of making a profit is called a(n) ________.

• Business
• Market
• Industry
• Factory

A lawsuit against Apple for slowing down phones would be which external force?

• Economic environment
• Legal environment
• Technological environment
• Social environment

Amazon using drones to deliver packages would be which external force?

• Economic environment
• Competitive environment
• Technological environment
• Global environment

A campaign to stop buying Nike shoes due to child sweat shops would be which external force?

• Economic environment
• Legal environment
• Social environment
• Global environment

An earthquake in India that destroys your business's call center would be which external force?

• Economic environment
• Competitive environment
• Social environment
• Global environment

Which sector of industry can be defined as  the support sector. It is knowledge based and provides information services.

• Primary
• Secondary
• Tertiary
• Quaternary