External Environment of business

Which of the following is NOT a factor of the natural environment?

• Climate

• Social trends

• Rivers

• Minerals

What do businesses depend on the physical environment for?

• Financial investment

• Raw materials, water, and fuel

• Marketing strategies

• Consumer feedback

Which business activity is directly dependent on natural resources?

• Marketing

• Mining

• Advertising

• Retailing

What are some examples of social values affecting businesses?

• Rivers and oceans

• Customs and traditions

• Raw materials

• Weather conditions

Why are fast food outlets and gyms increasing in urban areas?

• Due to government policies

• Because of changes in social trends

• Due to abundance of raw materials

• To preserve ecological balance

How does class structure influence business practices?

• By promoting trade between nations

• By affecting social roles, education, and income levels

• By determining geographical factors

• By encouraging environmental conservation

What is the impact of environmental pollution on businesses?

• It creates marketing opportunities.

• It leads to greater responsibilities for environmental preservation.

• It decreases the cost of production.

• It removes the need for government policies.

If a business wants to set up a unit in an area abundant in iron ore, which industry is most likely to thrive there?

• Textile industry

• Steel manufacturing industry

• Fast food industry

• Tourism industry

In what way can businesses adapt to changing social trends?

• By reducing their reliance on natural resources

• By introducing products and services aligned with health-conscious lifestyles

• By avoiding urban and semi-urban areas

• By focusing solely on ecological factors

As a business owner, how would you tackle the challenge of ecological imbalance in your production process?

• Ignore government policies and focus on profits

• Invest in eco-friendly technologies and practices

• Move operations to areas with fewer regulations

• Increase the production of non-replenishable resources