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Forces Affecting Business Environment

Authored by Renee Bowers

Education

9th Grade

Forces Affecting Business Environment
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Economic Forces in the business environment?

Economic forces include factors such as inflation, economic growth, interest rates, and exchange rates.

Political decisions that impact market operations.

Social and cultural trends influencing business demand.

Technological innovations affecting production and distribution.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Technology Forces in the business environment?

They refer to the external technological trends and innovations influencing businesses.

They are internal strategies used to manage IT operations.

They describe the workforce's technical skills within an organization.

They denote financial investments in emerging technologies.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Competitive Forces in the business environment?

Forces that shape competition among firms within an industry

Factors determining the cost structure of a business

Elements that directly measure financial performance

Metrics used for employee performance assessments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Sociocultural Forces in the business environment?

Sociocultural forces involve societal influences such as culture, lifestyle, beliefs, values, and demographics.

Political forces refer to government policies, regulations, and political stability.

Economic forces deal with market trends, inflation rates, and fiscal policies.

Technological forces involve innovations, advancements, and the rate of technological change.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Demographic Factors in the business environment?

Population characteristics such as age, gender, income, education, and ethnicity.

Technological advancements influencing business operations.

Political and governmental policies impacting business regulation.

Economic indicators like inflation, interest rates, and market trends.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Global Forces in the business environment?

Global forces refer to the external trends and changes in the international environment that influence business operations worldwide.

They only pertain to local market dynamics, affecting businesses on a national level.

They are solely government regulations within a country that impact business operations.

They refer exclusively to internal company policies and strategies that dictate business decisions.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are Political/Regulatory Forces in the business environment?

Factors related to government policies, legal regulations, and political stability

Economic and market driven forces

Social and cultural influences

Technological innovation drivers

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