Business External Environment Quiz

What is the impact of government policies, regulations, and political stability on businesses?

• Increase consumer spending

• Stimulate business growth

• Affect operations and trade

• Boost profitability

Which economic factor can lead to reduced consumer borrowing and impact businesses reliant on credit sales?

• Interest rates

• Unemployment rate

• Inflation

• Consumer spending

What societal attitudes, beliefs, and lifestyle trends impact business operations?

• Technological advancements

• Economic conditions

• Changing consumer preferences

• Political stability

How do technological developments impact businesses?

• Reduce customer experiences

• Affect government policies

• Decrease competition

• Streamline operations

What did Airbnb capitalize on to create a platform that connects travelers with local hosts?

• Sociocultural shift

• Technological advancements

• Economic conditions

• Government regulations

How do smartphone manufacturers meet consumer demands for better features and functionality?

• Use artificial intelligence

• Automate customer experiences

• Implement data analytics

• Upgrade their devices

What has caused colleges to invest in marketing campaigns targeting non-traditional students?

• Changes in societal attitudes

• Rise of remote work

• Online learning

• Flexible working arrangements

What trend has led colleges to offer flexible online programs?

• Rise of remote work

• Virtual reality

• Sustainability

• Changes in societal attitudes

Which trend is creating potential for new business opportunities?

• Rise of remote work

• Virtual reality

• Sustainability

• Economic conditions

What idea can take advantage of the rise of remote work and succeed in the market?

• New smartphone features

• Online learning programs

• Sustainable products

• Flexible work tools