Business Environment Quiz

The business environment refers to:

• Only external factors affecting a business

• Only internal factors affecting a business

• Both internal and external factors affecting a business

• None of the above

Which of the following is NOT a characteristic of the business environment?

• Dynamic in nature

• Predictable and stable

• Complex and multi-faceted

• Influenced by various factors

The scope of the business environment includes which of the following components?

• Economic environment

• Political and legal environment

• Social and cultural environment

• All of the above

The micro-environment of business includes:

• Competitors, suppliers, customers, and intermediaries

• Economic conditions and government policies

• Technological and demographic factors

• International economic trends

The macro-environment of business includes:

• Company policies and management structure

• Suppliers and competitors

• Political, economic, social, and technological factors

• Distributors and wholesalers

Internal environment factors of a business include:

• Employees, management, and corporate culture

• Government regulations

• Exchange rates and inflation

• Technological advancements

External environment factors affecting business are divided into:

• Controllable and uncontrollable factors

• Micro and macro environment

• Internal and external stakeholders

• None of the above

The process of scanning and analyzing the business environment is known as:

• Business evaluation

• Environmental scanning

• Market research

• Financial forecasting

The PESTLE analysis includes:

• Political, Economic, Social, Technological, Legal, and Environmental factors

• Profit, Employees, Strategy, Tax, Law, and Economy

• Price, Environment, Social, Technological, Labour, and Exports

• Public, Economy, Structure, Taxes, Laws, and Environment

Which of the following is an example of an internal business factor?

• Government policy

• Company's organizational structure

• Competitor strategy

• Global financial crisis