DEMC1073 QUIZ 2 JANUARY 2024

What are the main components of the micro environment in a business?

• 
  Suppliers, shareholders, media, and society

• Employees, government, technology, and economy

• Customers, suppliers, competitors, and stakeholders

• Regulations, weather, culture, and technology

How do suppliers and customers influence the micro environment of a business?

• By affecting its operations, sales, and overall performance.

• By only affecting the macro environment

• 
  By having no impact on the business

• By not influencing the operations or sales

The environment that surrounding the business is

• Micro environment

• Near environment

• Macro environment

• Bounded environment

Which of the following is not the element of political environment?

• Constitution of the country

• Popularity of e-banking

• Prevailing political system

• Level of political morality

The environment that is made up of broad forces, trends and conditions in the economy and society that the business has not control over is called the

• Operation Environmrnt

• Business Environment

• Micro Environment

• Macro Environment

________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm.

• Opportunities

• Benefits

• Threats

• Strength

Good reputation amongst the customer like Infosys, LAKME , APPLE, GOOGLE, LIC etc. have in market. So all of these will termed as ________ of the company.

• Opportunities

• 
  Weakness

• Strength

• Threat

How do political factors influence the business environment?

• Political factors can influence business environment through policies, regulations, trade agreements, and geopolitical stability or instability.

• Business environment is only influenced by economic factor.

• Political factors only affect large businesses and not the small business environment.

• Political factors have no impact on the business environment

Political and legal influences, societal influences, economic conditions, technological issues, CSR and global issues are all part of which environment?

• Micro

• Macro

• Operating

• Internal

Which of the following is an example of social environment?

• Money supply in the economy     

• The constitution of the country       

• 
  Consumer protection act

• composition of family