
Business Environments - Micro Environment
Authored by Jamie-Lee Allison
Business
10th Grade
Used 1+ times

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59 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The micro environment in a business context refers to:
the internal factors affecting a business.
the external factors affecting a business.
the economic conditions of a country.
the global market trends.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What tool is used to scan the micro environment?
SWOT Analysis
PEST Analysis
Porter's Five Forces
Benchmarking
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How many business functions or departments are traditionally considered in a business?
8
5
6
7
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Business functions are considered interrelated because:
they operate independently without affecting each other.
they are isolated and do not influence one another.
they work together and impact each other.
they have no connection or dependency.
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The role of the manager or entrepreneur in understanding business functions is to:
oversee daily operations
develop marketing strategies
understand and integrate various business functions
manage financial accounts
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the vision in a business context?
A long-term goal or direction for a company
A short-term objective for a project
A financial forecast for the next quarter
A detailed plan for daily operations
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are goals in a business context?
Objectives that a business aims to achieve
The financial statements of a company
The employees working in a company
The products sold by a business
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