External Market Forces

Quiz
•
Professional Development
•
Professional Development
•
Medium
Eunice Foster
Used 3+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply Chain delays can affect an organisation’s ability to meet customers’ needs, because:
Products will become more expensive
Equipment will become overused
Products will not be delivered on time
Products will become less expensive
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rise in inflation rates means:
Prices of goods and services stay the same
Sales figures will improve
Prices of goods and services will increase
Sales figures will stay the same
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When interest rates increase this will:
Reduce Waste
Improve sales
Increase Costs
Decrease oenership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would the banks use to work out inflation??
Gross Domestic Product (GDP)
Census Data
Customer Price Index (CPI)
Business Tax Paid to Government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who would be responsible for policy and regulatory change?
The Organisation
The Government
The Employees
The Customers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for an organisation to understand policy and regulatory changes?
To promote competition amongst organisations
To avoid penalties for non compliance
To focus on internal policies rather than external factors
To increase the organisations revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An organisation operating in a competitive market has been forced to raise their prices.
How will this affect the organisation?
Taxes will increase
Costs will fall
Sales will increase
Demand will fall
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