Business Environments

What level of control does a business have over its micro environment?

• Limited control
• No control
• Complete control
• Partial control

Which of the following is a component of the macro environment?

• Organisational structure
• Management and leadership
• Technological environment
• Customers/consumers

What level of control does a business have over its market environment?

• Complete control
• Not influenced
• No control
• Limited control

Which of the following is a component of the micro environment?

• Competitors
• Global environment
• Social environment
• Organisational culture

What is the macro environment of a business?

• The internal and external environments combined
• The internal business environment
• The immediate external environment
• The broad external environment

What is the micro environment also known as?

• Internal operating system
• Immediate external environment
• Broad external environment
• External operating system

What level of control does a business have over its macro environment?

• Partial control
• Limited control
• No control
• Complete control

Which of the following is a component of the market environment?

• Organisational culture
• Suppliers
• Economic environment
• Management and leadership

What is an example of how a business can influence the decisions of its regulators?

• Engaging in collective bargaining with unions
• Offering discounts and promotional sales
• Lobbying with regulators to pass legislation
• Forming a strategic alliance with competitors

What is an example of how a business can influence the decisions of customers?

• Offering discounts and promotional sales
• Forming a strategic alliance with competitors
• Signing long-term contracts with suppliers
• Engaging in collective bargaining with unions