Gr11 Business Environments
Quiz
•
Business
•
11th - 12th Grade
•
Practice Problem
•
Hard
Sanele Ngema
Used 33+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Environmental scanning only focuses on the external environments (macro and market)
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A crisis is...
a slow and anticipated change
something a business will likely have a contingency plan for
part of your mission and vision
none of the above
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are strengths for a business?
Location
Work skills
Business culture
Access to financing
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
______ strategies use strengths to take advantage of opportunities.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following make markets more attractive?
High barriers to entry
Low barriers to entry
Strong buyer bargaining power
Strong supplier bargaining power
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following makes a market unattractive?
Few substitute products/services.
High levels of competition
Weak buyer bargaining power.
Strong supplier bargaining power.
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are barriers to market entry?
Capital required to enter the market is high.
Existing businesses have strong patents and trademarks.
Strict government legislation.
Customer switching costs are low.
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