Unit 3.1 IA1 Business Quiz Year 12 QCE Part 1

To what degree has the business offered products or services that meet or exceed market standards? This is the following evaluation criteria:

• Effectiveness

• Stakeholder Satisfaction

• Efficiency

• Competitiveness

To what degree has the business optimised its use of resources and application of processes in achieving goals and/ or objectives? Which evaluation criteria is this?

• Efficiency

• Effectiveness

• Competitiveness

• Stakeholder Satisfaction

To what degree has the business achieved goals and/ or objectives and to what extent has the business solved targeted problems? Which evaluation criteria is this?

• Efficiency

• Effectiveness

• Competitiveness

• Stakeholder satisfaction

To what degree has the business considered managing expectations of different individuals and groups in achieving goals and objectives? Which evaluation criteria is this?

• Efficiency

• Effectivenss

• Competitiveness

• Stakeholder satisfaction

The supply of and demand of goods and services within a single country called:

• GLOBAL market

• DOMESTIC market

• BEAR market

• EXPORT market

A business that operates in a number of different countries by supplying goods and services is operating in a:

• DOMESTIC market

• GLOBAL market

• BEAR market

• EXPORT market

A market that a business enters with little competition and an economic growth rate country is an:

• DOMESTIC market

• GLOBAL market

• BEAR market

• EMERGING market

Match the following MACRO factors

• Trends and society attitudes

• Economic

• War in Israel and supply chain issues.

• Environmental

• What sustainable practises are we using?

• Socio cultural

• How is AI going to affect our business?

• Technological

• How is the cost of living causing change

• Political

Match the following Macro Factors

• Child labour in Chocolate production

• Economic

• Automation in supply chain

• Ethical

• Different consumer tastes in countries

• Sociocultural

• Rising interest rates

• Technological

• Privacy legislation. Work cover

• Legal

Business environment factors that we can INFLUENCE

• Macro Environment

• Internal Environment

• Operating Environment

• political Environment