WorksheetsBusiness environment
Total questions: 10
Worksheet time: 5mins
What can be analyzed by analyzing the internal environment of a business?
Strengths and weaknesses
Opportunities and threats
Threats and weaknesses
General and specific factors
Consumerism has changed the maximum caveat venditor to caveat emptor.
True
False
Business environment is largely uncertain because?
Business environment is not static.
Because a change in one element affects the other elements.
It’s very difficult to forecast accurately the future events.
It’s universal or persuasive.
It’s best for the business to keep contact with many suppliers.
True
False
Who are marketing intermediaries?
Investors and bankers
Wholesalers and retailers
Government and customs
Media and suppliers
If you are being subject to new set of regulations, what type of factor is this and is it an external or internal factors?
Economical and external
Political and internal
Political and external
Social and external
General forces are micro environment and specific forces are macro environment.
True
False
Liberalization and globalization of the economy are what forces of an business environment?
General and internal forces
Specific and internal forces
General and external forces
Which of these are general forces?
Political
Financial
Social
Relations
Competitors
What are the importance of business environment?
Keeping pace with consumerism
Early warning signals
Totality of internal and external forces
Competitive advantage
