Wk4Fin/Man1

What does PEST analysis stand for?

• Political, Environmental, Social, Technological

• Political, Economic, Social, Technological

• Political, Economic, Social, Technical

• Political, Environmental, Social, Technical

Which of the following is NOT a level of political systems organizations must consider?

• Local

• National

• Global

• Regional

What is the primary focus of data protection?

• To increase data storage capacity

• To protect individuals against misuse of their information

• To facilitate data sharing among organizations

• To enhance data processing speed

What does sustainability in business refer to?

• Ignoring environmental impacts

• Focusing solely on technological advancements

• Using resources without compromising future generations' needs

• Maximizing profits at all costs

Which of the following is a demographic factor that businesses should monitor?

• Market competition

• Technological advancements

• Population size

• Government policies

What is the impact of social mobility on marketing?

• It only affects pricing strategies.

• It is irrelevant in developed countries.

• It helps marketers understand population distribution among social groups.

• It has no impact on marketing strategies.

Which of the following is a legal factor related to data security?

• Physical risks like fire or flood

• Technological advancements

• Social trends

• Economic factors

How can technological changes affect a firm?

• By reducing the need for data security

• By enhancing product development and marketing strategies

• By limiting employee access to information

• By eliminating the need for organizational structures

The word _________ refers to the composition of the population in any given area – whether a country or an area within a country.

________ represent a person or group’s like or dislike for something. They are positive or negative views of a person, place, thing or event.