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WorksheetsExternal Business Environment
Total questions: 32
Worksheet time: 16mins
The events and trends inside an organization that affects management, employees, and organizational culture.
Internal Environment
External Environment
General Environment
Specific Environment
Forces and events outside a company have the potential to influence or affect it.
Internal Environment
External Environment
General Environment
Specific Environment
Which business environment does not affect the function of the business?
forces of economic factors
forces of changing factors
forces of technological factors
forces of social factors
forces of political factors
Identify the features in corporate culture.
How the organization conducts its business, treats its employees, customers, and wider the community.
How commited employees are towards collective objectives.
How power and information flow through its hierarchy.
The extent to which freedom is allowed in decision making, developing new ideas, and personal expression.
All of the answers above
What is the threat of new entrants in barriers of entry?
Legal and government created barriers
Corruption barriers
Free entry barriers
illegal and fraud barriers
Which environment should be the first step we must check before we do business?
Internal Environment
External Environment
The technological environment influences the business in terms of investment in technology, consistent application of technology, and the effect of technology on markets.
True
False
Macro Environment focuses on political-legal, financial, technological, and economic.
True
False
The technological environment includes:
advances in production technology
advances in information technology
popularity of e -banking
all of the above
Which of the following is not the element of the political environment:
Constitution of the country
prevailing political system
popularity of e-banking
Level of political morality
Following are the elements of the social environment:
Educational system and literacy rates
family structure
caste and occupational structure
all of the above
The legal environment includes:
government policies related to pricing
the constitutional framework
goverment policies related to import and export
all of the above
Which of the following is an example of a social environment?
money supply in the economy
consumer protection act
The constitution of the country
composition of family
An examination of the organization's Strengths, Weaknesses, Opportunity & Threats
Business Plan of Action
SWOT Analysis
PEST Analysis
Mission Statement
Strengths and Weaknesses in a business as referred to by SWOT analysis
External Factors
Poor Planning
Internal Factors
Good Management
An example of Opportunities or Threats from the external environment
Competitors
GDP per capita
Sales
Strengths
Things within a business that managers can influence and control (as it relates to SWOT)
Employee Performance
Sales Revenue
External Factors
Internal Factors
Things outside a business that managers cannot control (as it relates to SWOT)
Internal Factors
External Factors
Temperature
Weather
Great communication skills and analytical abilities is an example of a type of
Strength
Weakness
Opportunity
Threat
Global expansion in a company is an example of a(n)
Strength
Weakness
Opportunity
Threat
A business has a poor reputation among customers, this would be considered to be a(n)
Strength
Weakness
Opportunity
Threat
Changes in demographics results in shifting demand away from products, this is classified as a
Strength
Weakness
Opportunity
Threat
A company has a strong brand name, this would be a(n)
Strength
Weakness
Opportunity
Threat
New competitors are entering the market, this is an example of a(n)
Strength
Weakness
Opportunity
Threat
An employee notices an unfilled customer need, this is an example of a(n)
Strength
Weakness
Opportunity
Threat
A company that has been established and successful for 10 years doesn't need to conduct a SWOT
True
False
A PEST Analysis is used to examine the external indicators of the SWOT Analysis
True
False
A PEST Analysis examines which two external SWOT components
Strengths & Threats
Opportunity & Weakness
Opportunity & Threats
Strengths & Weakness
Trade restrictions have just been lifted, allowing your company to expand trade globally,
Political Factor
Economic Factor
Social Factor
Technological Factor
Emerging customer needs would be considered a
Political Factor
Economic Factor
Social Factor
Technological Factor
A shift in consumer taste, away from the firm's product is considered a
Political Factor
Economic Factor
Social Factor
Technological Factor
Installation of new computer software for your company is an example of a
Political Factor
Economical Factor
Social Factor
Technological Factor
