Fundamentals of Business

Which of these is not a part of the internal environment?

• Suppliers

• Organisational culture

• Employees

• Organisational structure

• Owners and Managers

Which of these factors is not a part of the external operating environment?

• Suppliers

• Interest Groups

• Employees

• Competitors

• Customers

Macro Environment acronym is:

• TNC

• SWOT

• B2B

• STEEPLE

Stakeholders are:

• Anyone

• Anyone with an interest or concern in the business

• Anyone who has studied business in high school

• Only customers

How many owners does a sole trader have?

• 1

• 2 - 20

• Restricted to 50 owners

• Unlimited

How many owners does a Partnership have?

• 1

• 2 - 20

• Restricted at 50

• Unlimited

What is the second stage of the business life cycle?

• Growth

• Seed

• Start Up

• Post Maturity

• Maturity

What is the last stage of the business life cycle?

• Seed

• Growth

• Post Maturity

• Maturity

• Start Up

Which of these are business goals?

• Profitability

• Sustainability

• Market Share

• Employment

• All of them

What does SWOT stand for?

• Sales, Wages, Organisation, Taxes

• It doesn't stand for anything

• Service, Wealth, Opportunity, Training

• Strengths, Weaknesses, Opportunities, Threats