Business environment -1

Which of the following is not a component of the business environment?

• Political

• Social

• Internal

• Legal

PESTLE analysis is used to examine the:

• Internal structure of a company

• Economic growth rate

• External business environment

• Customer satisfaction level

Liberalization in India began in the year:

• 1991

• 1985

• 1995

• 2005

Which factor does not fall under the economic environment?

• Interest rates

• Inflation rate

• Population growth

• GDP Growth

The full form of PESTLE is:

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

• Price, Economic, Structure, Trade, Law, Ethics

• Policy, Employment, System, Trade, Labor, Economy

• Political, Ethical, Social, Technical, Legal, Education

Privatization implies:

• Decreasing interest rates

• Transferring ownership from public to private sector

• Increasing taxes on private firms

• Government control on foreign firms

Business environment is said to be dynamic because:

• It is complex

• It is ever-changing

• It is legal

• It is profitable

Which of these is an example of a social environment factor?

• Changes in government

• Customer preferences

• Rate of inflation

• Import-export policies

Which of the following is a feature of business environment?

• Predictability

• Static nature

• Inter-relatedness

• Simplicity

Which type of environment includes suppliers and customers?

• External macro environment

• External micro environment

• Internal environment

• Legal environment