Business Environment Quiz

The management of the business has ________ the market environment

• Full control over

• No control over

• No control but can influence

• Little control

Businesses can control the effect of trade unions through

• Collective bargaining

• strikes

• Destruction of property

• Management control

Businesses that both sell All Gold Tomato sauce are an example of

• Indirect competition

• Direct competition

• Suppliers

• A monopoly

Investing the business profits at a rate that grows faster than inflation is also known as:

• Hedging

• Strategic Alliance Agreements

• Persuasion of large investors

• Acquisitions

A back up plan made in advance I saw known as

• An ad hoc plan

• A contingency plan

• A back up plan

• A floor plan

Inflation

• Does not affect the business

• Is the general increase in the price of goods and services

• Is an increase in the petrol price

• Is decided by parliament

when people who are blacklisted/unable to get credit at the bank, loan small amounts of money at large interest rates from someone willing to take a higher risk

• Microlending

• Micro loan

• Demographics

• Gambling

When two businesses willingly combine to create a new business, this is known as:

• A merger

• A takeover

• An alliance

• An acquisition

Psychographics are:

• The physical attributes of the target market

• The wants and needs of the consumers

• The beliefs and values of the consumers

• The education level of the consumers

The Basic Conditions of Employment Act is an example of

• Contemporary legislation

• Globalisation

• Employee protection

• Employer insurance