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Chapter 1 Business Environments

Authored by Vishani N

Business

12th Grade

Chapter 1 Business Environments
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7 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which 3 analysis tools may be used in the MACRO environment?

SWOT (0&T)

Environmental Scan

Decision Tree

PESTLE Analysis

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the MACRO Environment

The business has no control over events taking place in external environments. Develop strategies to minimise threats and capitalise on opportunities.

Environment which the business controls and external events depend on business decisions.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The S in PESTLE analysis stands for ?

Society

Socio-economic factors

Sensitivity

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The Market Environment is any space where goods and services are.....

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which is not a factor of the Porters 6 force model

Level of Rivalry (current competition)

Threat of new entrants

Online shopping platforms

Availability of substitute products

Powers of buyers, suppliers and complementary products

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which analysis tools may be used in the Market Environment?

Environmental Scan

SWOT (O&T)

Resource based analysis

Value Chain analysis

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The 4 P's of marketing are ?

Price

Product

Place

Promotion

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