Business Environment Quiz

What does the term 'business environment' primarily refer to?

• Internal company policies

• External and internal factors affecting a business

• Market share of a company

• Technological resources only

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

• Simple

• Dynamic

• Complex

• Multi-faceted

Internal environment includes factors that cause:

• Economic booms

• Opportunities and threats

• Strengths and weaknesses

• Technological advancements

Which of the following is an example of an opportunity in the external environment?

• Financial limitations

• Gaps in capabilities

• Economic boom

• Low employee morale

Micro-environment includes all of the following EXCEPT:

• Customers

• Suppliers

• Technological innovations

• Trade unions

The macro-environment includes all EXCEPT:

• Economic policies

• Competitors

• Socio-cultural forces

• Legal framework

Which stakeholder relationship is crucial for the internal environment?

• Government and citizens

• Shareholders, employees, and board of directors

• NGOs and community

• Foreign investors and public

Which of the following best defines the internal environment of a business?

• All the economic policies impacting a business

• Factors external to the firm like government and public

• Framework, structure, and relationships within the organization

• The socio-political system of the country

What is considered the most crucial component of the internal environment?

• Marketing resources

• Technological assets

• Human resources

• Shareholder dividends

Which of the following is NOT a part of the micro-environment?

• Government policies

• Customers

• Suppliers

• Trade unions