Economic Environment of Business RECAP Quiz Session 1

The vision statement of Infosys is "To amplify human potential and create the next opportunity for people, businesses and communities".

Such a statement can be said to be the part of a company's _________ environment.

• Internal

• External

• Micro

• Macro

Information like the type presented in the picture is a part of which part of the business environment?

• Cultural Environment

• Technological Environment

• Economic Environment

• Demographic Environment

Complete this definition of business environment by Keith Davis : "Business environment is the _________ of all conditions, events and influences that surround and affect the business."

Competitors, suppliers of input, and marketing intermediaries are a part of the micro (or operating) environment for businesses. By that logic, which of the following is NOT part of the MICRO environment for carmaker Hyundai?

• Toyota

• Bridgestone Tyres

• Advaith Hyundai

• Bank of Japan

The result of the on going General Elections in India will likely affect which of these?

• Cultural Environment

• Global Environment

• Political and Regulatory Environment

• Natural Environment

Measuring GDP or per capita income is a way to understand the _______ environment.

• Demographic

• Political

• Technological

• Economic

Among the three sectors - Agriculture, Manufacturing and Services, which sector contributes most to the economic output (GDP) of India?

In 1991, the reforms introduced to bring in liberalisation, privatisation, and globalisation made India a more socialist economy.

• TRUE

• FALSE