BSP CHAPTER 2

BSP CHAPTER 2

12th Grade

20 Qs

quiz-placeholder

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BSP CHAPTER 2

BSP CHAPTER 2

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Nora Liza

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term 'external environment' generally refer to?

Factors and conditions outside an organization

Internal policies of an organization

Financial statements of a company

Employee satisfaction metrics

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the two main categories of the external environment?

Macroenvironment and Microenvironment

Internal and External Environment

Political and Economic Environment

Social and Technological Environment

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What factors are included in the macroenvironment?

Economic, Social, Technological, Political

Customers, Suppliers, Competitors

Brand loyalty and reputation

Regulatory and legal factors

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the significance of understanding the external environment?

Helps businesses adapt to changes

Increases employee productivity

Reduces operational costs

Enhances product quality

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the industry environment refer to?

Specific conditions impacting a particular industry

General market trends

Consumer behavior analysis

Government regulations

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are barriers to entry?

Obstacles that make it difficult for new firms to enter

Strategies to enhance market share

Techniques for customer retention

Methods to improve product quality

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one of the common barriers to entry?

Economies of Scale

Increased competition

Market saturation

High consumer demand

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