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12D: External Environment Video Review

Authored by ANDY SIMMS

Business

12th Grade

12D: External Environment Video Review
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some of the factors outside the business's control that can affect its costs and demand?

Technological advancements and employee turnover

Interest rates and market conditions

Consumer preferences and advertising strategies

Government regulations and employee benefits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does competition affect marketing costs for a business?

Competition leads to free marketing

Competition increases marketing costs

Competition has no impact on marketing costs

Competition leads to lower marketing costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the likely impact of high competition on the demand for a business's products?

High competition leads to higher demand

High competition leads to stable demand

High competition has no impact on demand

High competition leads to lower demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does limited competition affect the price elasticity of demand for a business's products?

Limited competition leads to elastic demand

Limited competition has no impact on demand elasticity

Limited competition leads to inelastic demand

Limited competition leads to stable demand elasticity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What impact does high unemployment have on labor costs for businesses?

High unemployment leads to lower labor costs

High unemployment has no impact on labor costs

High unemployment leads to higher labor costs

High unemployment leads to stable labor costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does an aging population affect demand for certain industries?

Aging population leads to stable demand

Aging population leads to higher demand

Aging population has no impact on demand

Aging population leads to lower demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the likely impact of increasing incomes on the demand for luxury goods?

Increasing incomes lead to stable demand for luxury goods

Increasing incomes lead to lower demand for luxury goods

Increasing incomes have no impact on demand for luxury goods

Increasing incomes lead to higher demand for luxury goods

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