
Impact of Economic Factors on Business
Interactive Video
•
Business
•
10th - 12th Grade
•
Hard

Olivia Brooks
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four key external factors affecting businesses?
Technology, Economy, Legislation, Environment
Technology, Economy, Legislation, Marketing
Technology, Economy, Marketing, Environment
Technology, Finance, Legislation, Environment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the advancement of technology influenced business marketing strategies?
Increased physical outlets
Reduced e-commerce outlets
Altered marketing mix, especially distribution channels
Decreased direct sales
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a significant result of ultra-low interest rates in the economy?
Decreased market development
Higher export prices
Cheaper finance for businesses
Increased labor costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a weak pound affect UK exports?
Has no effect
Increases production costs
Makes them more expensive
Makes them cheaper in international markets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the business reactions to the Brexit vote?
Shift from Just In Time to Just In Case operations
Increased reliance on Just In Time operations
Decreased labor costs
Increased physical outlets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a consequence of increasing the minimum wage?
Lower labor costs
Increased use of automation
Decreased production
Higher interest rates
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are businesses changing their production processes in response to environmental concerns?
To meet consumer demand for eco-friendly practices
To decrease labor costs
To reduce costs
To increase production speed
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