Which of the following is applicable to the SEED stage of the business lifecycle? (Multiple Answers)

When a business is just a thought or an idea.

During this stage the viability of the business is determined, and a business plan is developed.

The business idea is developed into products or services.

Business ideas are adjusted in response to feedback.

The business grows into new market or establishes itself in the industry.

Which of the following is applicable to the START UP stage of the business lifecycle? (Multiple Answers)

The business idea is developed into products or services.

Business ideas are adjusted in response to feedback.

When a business is just a thought or an idea.

During this stage the viability of the business is determined, and a business plan is developed.

The business grows into new market or establishes itself in the industry.

Which of the following is applicable to the GROWTH stage of the business lifecycle?

The business grows into new market or establishes itself in the industry.

When a business is just a thought or an idea.

During this stage the viability of the business is determined, and a business plan is developed.

The business idea is developed into products or services.

Business ideas are adjusted in response to feedback.

Which of the following is the definition of competitiveness?

To what degree has the business offered products or services that meet or exceed market standards in relation to other businesses.

To what degree has the business achieved goals and/or objectives and to what extent has the business solved targeted problems.

To what degree has the business optimised its use of resources and application of processes in achieving goals and/or objectives.

To what degree has the business considered and managed stakeholder expectations in achieving goals and/or objectives.

Which of the following is the definition of effectiveness?

To what degree has the business achieved goals and/or objectives and to what extent has the business solved targeted problems.

To what degree has the business offered products or services that meet or exceed market standards in relation to other businesses.

To what degree has the business optimised its use of resources and application of processes in achieving goals and/or objectives.

To what degree has the business considered and managed stakeholder expectations in achieving goals and/or objectives.

Which of the following is the definition of efficiency?

To what degree has the business optimised its use of resources and application of processes in achieving goals and/or objectives.

To what degree has the business offered products or services that meet or exceed market standards in relation to other businesses.

To what degree has the business achieved goals and/or objectives and to what extent has the business solved targeted problems.

To what degree has the business considered and managed stakeholder expectations in achieving goals and/or objectives.

Which of the following is the definition of stakeholder satisfaction?

To what degree has the business considered and managed stakeholder expectations in achieving goals and/or objectives.

To what degree has the business offered products or services that meet or exceed market standards in relation to other businesses.

To what degree has the business achieved goals and/or objectives and to what extent has the business solved targeted problems.

To what degree has the business optimised its use of resources and application of processes in achieving goals and/or objectives.

Which of the following is the definition of internal environment?

The environment consists of factors that directly influence the approach and the success of the operations inside a business.

The environment consists of the factors that directly influence the operations of a business.

The environment is the wider environment it considers the whole environment, not of a specific industry.

Which of the following is the definition of external operating environment?

The environment consists of the factors that directly influence the operations of a business.

The environment consists of factors that directly influence the approach and the success of the operations inside a business.

The environment is the wider environment it considers the whole environment, not of a specific industry.

Which of the following is the definition of the macro environment?

The environment is the wider environment it considers the whole environment, not of a specific industry.

The environment consists of factors that directly influence the approach and the success of the operations inside a business.

The environment consists of the factors that directly influence the operations of a business.

Which if the following is the definition for the internal factor of employees?

Often considered the most important and most expensive resource this factors' performance impacts a businesses success.

A business needs to have effective management this factor needs to foster an efficient and effective business.

This factor outlines the roles and responsibilities of everyone in the business.

This important factor refers to the shared values, beliefs, expectations, attitudes and behaviours within the organisation.

Which if the following is the definition for the internal factor of owners/managers?

A business needs to have effective management this factor needs to foster an efficient and effective business.

Often considered the most important and most expensive resource this factors' performance impacts a businesses success.

This factor outlines the roles and responsibilities of everyone in the business.

This important factor refers to the shared values, beliefs, expectations, attitudes and behaviours within the organisation.

Which if the following is the definition for the internal factor of organisational structure?

This factor outlines the roles and responsibilities of everyone in the business.

A business needs to have effective management this factor needs to foster an efficient and effective business.

Often considered the most important and most expensive resource this factors' performance impacts a businesses success.

This important factor refers to the shared values, beliefs, expectations, attitudes and behaviours within the organisation.

Which if the following is the definition for the internal factor of organisational culture?

This important factor refers to the shared values, beliefs, expectations, attitudes and behaviours within the organisation.

A business needs to have effective management this factor needs to foster an efficient and effective business.

Often considered the most important and most expensive resource this factors' performance impacts a businesses success.

This factor outlines the roles and responsibilities of everyone in the business.

Which of the following would describe the external operating factor of customers?

This factor has a direct impact on the operations of the business as it provides revenue and certainty.

This factor has a significant impact on a business's success and must be consistently monitored to maintain an advantage.

This factor provides the resources a business needs to operate, they need to be reliable and cost-effective.

This factor is an organisation that shares a common interest and a desire to protect and promote a specific industry

Which of the following would describe the external operating factor of competitors?

This factor has a significant impact on a business's success and must be consistently monitored to maintain an advantage.

This factor has a direct impact on the operations of the business as it provides revenue and certainty.

This factor provides the resources a business needs to operate, they need to be reliable and cost-effective.

This factor is an organisation that shares a common interest and a desire to protect and promote a specific industry

Which of the following would describe the external operating factor of Suppliers?

This factor provides the resources a business needs to operate, they need to be reliable and cost-effective.

This factor has a direct impact on the operations of the business as it provides revenue and certainty.

This factor has a significant impact on a business's success and must be consistently monitored to maintain an advantage.

This factor is an organisation that shares a common interest and a desire to protect and promote a specific industry

Which of the following would describe the external operating factor of interest groups?

This factor is an organisation that shares a common interest and a desire to protect and promote a specific industry

This factor has a direct impact on the operations of the business as it provides revenue and certainty.

This factor has a significant impact on a business's success and must be consistently monitored to maintain an advantage.

This factor provides the resources a business needs to operate, they need to be reliable and cost-effective.

Which one of the following is the definition of Socio-cultural one of the macro environmental factors.

These are the people that influence a business due to the constant changes in tastes, preferences and demographics.

This factor impacts the face and pace of a business, it can be used to develop products, deliver products and improve efficiency and/or communication.

These factors include national concerns such as consumer confidence, inflation and interest rates.

This factor relates to government policy and can be at local, state and national levels imposing taxation, regulation and legislation.

Which one of the following is the definition of Technology one of the macro environmental factors.

This factor impacts the face and pace of a business, it can be used to develop products, deliver products and improve efficiency and/or communication.

These are the people that influence a business due to the constant changes in tastes, preferences and demographics.

These factors include national concerns such as consumer confidence, inflation and interest rates.

This factor relates to government policy and can be at local, state and national levels imposing taxation, regulation and legislation.

Which one of the following is the definition of Economic one of the macro environmental factors.

These factors include national concerns such as consumer confidence, inflation and interest rates.

These are the people that influence a business due to the constant changes in tastes, preferences and demographics.

This factor impacts the face and pace of a business, it can be used to develop products, deliver products and improve efficiency and/or communication.

This factor relates to government policy and can be at local, state and national levels imposing taxation, regulation and legislation.

Which one of the following is the definition of Political one of the macro environmental factors.

This factor relates to government policy and can be at local, state and national levels imposing taxation, regulation and legislation.

These are the people that influence a business due to the constant changes in tastes, preferences and demographics.

This factor impacts the face and pace of a business, it can be used to develop products, deliver products and improve efficiency and/or communication.

These factors include national concerns such as consumer confidence, inflation and interest rates.

Business Unit 1 Week 2 Environments, Objectives and Criteria

Authored by Mandy-Jane Ellis

Business

11th Grade

Used 17+ times

Business Unit 1 Week 2 Environments, Objectives and Criteria

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38 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many types of environments do we look at in Unit 1 Topic 1?

One

Two

Three

Four

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic is in which environment?

Macro (PESTLE)

External Operating

Internal Environment

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owners and Managers is in which environment?

Macro (PESTLE)

External Operating

Internal Environment

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customers is in which environment?

Macro (PESTLE)

External Operating

Internal Environment

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Competitors is in which environment?

Macro (PESTLE)

External Operating

Internal Environment

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Organisational culture is in which environment?

Macro (PESTLE)

External Operating

Internal Environment

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are part of the business objectives? (multiple answers)

Increasing Profit

Increasing Market Share

Competitiveness

Efficiency

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Business Unit 1 Week 2 Environments, Objectives and Criteria

How many types of environments do we look at in Unit 1 Topic 1?

Economic is in which environment?

Owners and Managers is in which environment?

Customers is in which environment?

Competitors is in which environment?

Organisational culture is in which environment?

Which of the following are part of the business objectives? (multiple answers)

Which of the following are part of the criteria we use to assess a business? (multiple answers)

The P, E & S in PEST stands for (multiple answers)

The P, E, S & T in PEST stands for (multiple answers)

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