
Business Studies Chapter 2
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Rajal Prajapati
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of business environment?
External factors and forces that affect a business' operations, performance, and decision-making.
The physical location of a business
The color scheme used in a business
The number of employees in a business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of economic environment.
Economic environment is not influenced by global events
Economic environment is solely determined by government policies
The economic environment refers to the weather conditions affecting businesses
The economic environment encompasses the various external factors that affect the economy of a region or country.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discuss the importance of social environment in business.
Teamwork is not affected by the social environment in business
The social environment in business has no impact on workplace culture
The social environment in business is important for fostering a positive workplace culture, enhancing teamwork, and improving customer satisfaction.
Customer satisfaction is not influenced by the social environment in business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the components of political environment?
social structure
political ideology, government structure, political stability, political parties, public policy
technological advancements
economic ideology
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does technological environment impact businesses?
Technological environment impacts businesses through social media only
Technological environment impacts businesses through operations, competitiveness, and innovation.
Technological environment only impacts marketing for businesses
Technological environment has no impact on businesses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define globalization and its effects on business.
Globalization is the process of isolating countries, leading to decreased market opportunities for businesses.
Globalization only affects businesses in one specific industry and not across various sectors.
Globalization is the process of increased interconnectedness among countries, leading to various effects on businesses such as expanded market opportunities, access to resources, increased competition, and the necessity to adapt to diverse cultural norms and regulations.
Globalization has no impact on businesses and does not affect their operations.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by competitive environment?
A competitive environment refers to the dynamic external system in which a business operates, characterized by the presence of rival companies competing for the same market share, resources, and customers.
A competitive environment refers to the weather conditions affecting a business
A competitive environment is the process of setting prices for products
A competitive environment is the internal culture within a company
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