Micro Environment of a Business Quiz

What is the micro environment of a business?

• The global economy

• Everything inside the business

• The external market conditions

• Everything outside the business

How many core business functions are there in the micro environment?

• Nine

• Six

• Seven

• Eight

Which function is responsible for managing money in a business?

• Human Capital

• Financial

• Production

• Marketing

What does the Human Capital function focus on?

• Controlling production

• Handling public relations

• Looking after employees

• Managing finances

What is the main goal of the marketing function?

• To handle administration

• To oversee production

• To study customer needs

• To manage finances

Which leadership style allows employees to give input?

• Autocratic

• Democratic

• Laissez-faire

• Authoritarian

What is a risk associated with the administrative function?

• Poor marketing strategies

• Losing important records

• High production costs

• Low employee morale

What do the 4 Ps of marketing include?

• Product, Price, Place, Promotion

• People, Process, Product, Profit

• Planning, Organizing, Leading, Controlling

• Production, Purchasing, Public Relations, Profit

What does the production function aim to do?

• Increase employee satisfaction

• Manage financial records

• Handle public relations

• Turn raw materials into finished products

Which company is known for using automation extensively in production?

• Tesla

• Nissan

• Ford

• General Motors