Business Environment - External Business Environment

The surrounding conditions in which the business operates are called....

• Environments

• Business contacts

• Business Environments

• Business Conditions

Influences that come from within the business are in the....

• Macro Environment

• External Environment

• Operating Environment

• Internal Environment

The environment that is made up of broad forces, trends and conditions in the economy and society that the business has not control over is called the

• Macro Environment

• External Environment

• Operating Environment

• Internal Environment

Political and legal influences, societal influences, economic conditions, technological issues, and global issues are all part of which environment?

• Internal

• External

• Macro

• Operating

Employees, managers, location and legal business structure are all part of which environment?

• Internal

• External

• Macro

• Operating

Which of the following demonstrates the impact of a weak pound on a UK business that imports raw materials and exports finished goods?

• Imported raw materials dearer and exported finished goods cheaper

• Imported raw materials cheaper and exported finished goods cheaper

• Imported raw materials dearer and exported finished goods dearer

• Imported raw materials cheaper and exported finished goods dearer

Which of the following is a feature of a weak economic climate?

• High levels of consumer spending

• Low levels of consumer spending

• High levels of employment

• Low levels of unemployment

Which of following is most likely to occur as interest rates fall?

• Sales of luxury products increase

• Sales of essential products increase

• Sales of luxury products decrease

• Sales of essential products decrease

Macro and operating factors are part of the external environment

• false

• true

If the government increases corporation tax...

• Businesses have less profit to reinvest

• Businesses have more profit to reinvest