Business Environments

Business Environments

9th - 12th Grade

11 Qs

quiz-placeholder

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Business Environments

Business Environments

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An increase in the VAT rate is a challenge in the ... environment.

internal

macro

market

international

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the South African rand depreciates, it is a(n) ... for exporters and a(n) ...

to importers.

threat, opportunity

opportunity, threat

threat, threat

opportunity, opportunity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A customer has a high level of power when ...

(i) the business has limited suppliers.

(ii) the business only has a few large customers.

(iii) there are a large number of substitute products in the market.

(iv) government regulates access to the market.

(i), (ii), (iii) and (iv)

(i) and (iii)

(ii)

(iv)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An advantage of environmental scanning is that ...

requirements of the BEE scorecard can be diminished.

staff performance appraisals are no longer required.

the repo rate increases.

short- and long-term strategies can be effectively formulated.

5.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the business's control over the market environment.

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

Outline the challenges of the MICRO environment.

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Define the term ‘LOBBYING’

Evaluate responses using AI:

OFF

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