Unit 1 AOS 3 Business Management_External Environment_Glossary

Unit 1 AOS 3 Business Management_External Environment_Glossary

11th Grade

26 Qs

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Unit 1 AOS 3 Business Management_External Environment_Glossary

Unit 1 AOS 3 Business Management_External Environment_Glossary

Assessment

Quiz

Business, Education

11th Grade

Easy

Created by

Christopher Segrave

Used 13+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Records a business’s claims for input tax credits and accounts for GST payable

business activity statement (BAS)
franchisor
debt
balance of payments

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Organisations that support businesses through the provision of training and education programs, advice and information

assets
business associations
business
business idea

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The surrounding conditions in which the business operates. It can be divided into two broad categories: internal and external.

goodwill
business opportunity
business environment
business mentors

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The ability of a business to develop strategies that ensure it has an ‘edge’ over competitors

corporate social responsibility
boycott
economic growth
competitive advantage

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Other businesses or individuals who offer rival, or competing, goods or services to the ones offered by the business

competitors
goal
imports
economy

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Managing a business in such a way that the broader social welfare of the community, including its employees, customers, suppliers and the environment, is taken into consideration when making business decisions

feasibility study
corporate social responsibility
innovation
market conditions

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The people who purchase goods and services from a business, expecting high quality at competitive prices

incorporated
industry
customers
effectiveness

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