Business Environment Quiz - Year 11 U1T2 Start

What are the three environments that a business operates in?

• Social, Economic, Political

• Internal, External Operating, External Macro

• Local, National, International

• Economic, Social, Technological

Why is it important for a business to respond to changes in its environments?

• To maintain competitive advantage

• To increase employee satisfaction

• To reduce production costs

• To improve customer service

Which of the following is a part of the external business environment?

• Internal environment

• Operating environment

• Financial environment

• Marketing environment

What are the two components of the external environment in a business?

• Internal and External

• Operating and Macro

• Financial and Marketing

• Internal and Macro

What are the three types of environments depicted in the diagram?

• Internal environment, External operating environment, External macro environment

• Internal environment, External micro environment, External macro environment

• Internal environment, External operating environment, External micro environment

• Internal environment, External macro environment, External micro environment

Which of the following is a component of the internal environment?

• External stakeholders

• Organisational culture

• Market trends

• Economic conditions

What role do employees play in the internal environment?

• They are part of the external environment.

• They influence organisational culture.

• They determine market trends.

• They set economic conditions.

Who is responsible for the management within the internal environment?

• Customers

• Competitors

• Owner/s and management

• Government

Which of the following is part of the external operating environment?

• Internal stakeholders

• Customers

• Company employees

• Management team

What role do suppliers play in the external operating environment?

• They are part of the internal team.

• They provide resources and materials.

• They compete with the company.

• They are not involved in the business process.