Business Environment Quiz-2

Demonetization is an example of ___________________ environment

• Legal
• Political
• Social
• Economic

Which of the following is not a characteristic of business environment?

• Absolute
• Integral
• Dynamic
• Complexity

"Baby milk powder should necessarily inform the buyers that mothers milk is the best for the baby." Which component of business environment is highlighted in this case?

• Economic environment
• Social environment
• Political environment
• legal environment

Which of the following was not one of the reasons for introducing new economic policy?

• increasing fiscal deficit
• Fall in the price levels
• Gulf crisis
• Poor performances of public sector

Which of the following is not the feature of Demonetization?

• Eradication of corruption
• Money laundering
• Elimination of counterfeit curruncy
• Gulf crisis

McDonald's made significant changes in ingredients of finger chips in India. Identify the dimension of business environment which is responsible for this step of McDonald's?

• Social environment
• Political environment
• Economic environment
• Legal environment

Population is a component of the total ____________ environment, while composition of population is component of ____________ environment.

• Economic, social
• Social, Economic
• Natural, Legal
• Technological, political

Factors that create opportunities and threats to business units is known as

• Internal environment
• External environment
• Micro environment
• macro environment

What was the Date of announcement of Demonetization announced by our prime minister Narendra Modi.

• 6thDecember 2017
• 8th November 2016
• 9th october 2015
• 10th january 2015

‘Yo Tummy’ began its business by offering the classic combo of hamburgers and fries. But over time, their customers wanted healthier foods, so ‘Yo Tummy’ responded and began offering healthy alternatives such as salads, fruits, wraps, and oatmeal. If ‘Yo Tummy’ hadn’t responded, they may have lost customers that wanted to eat healthier foods. The above case highlights one of the points related to the importance of the business environment and its understanding by managers. Identify it.

• It helps in coping with rapid changes

• It helps in improving performance

• It helps the firm to identify threats and early warning signals

• It enables the firm to identify opportunities and get the first-mover advantage