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WorksheetsBusiness Enviornment Analysis
Total questions: 23
Worksheet time: 17mins
Name
Class
Date
1.
An industry that most likely has both high barriers to entry and high barriers to exit<br />is the:
a)
Restaurant Industry
b)
Advertsiing Industry
c)
Automobile Industry
d)
Catering Industry
2.
Michael porter’s five forces model does not include:
a)
Substitutes
b)
Suppliers
c)
Rivalary among Competitor
d)
None of Above
3.
What is the main object of the michael porter’s five forces model:
a)
To understand where power lies outside the organization and what might impact the future of the business
b)
To understand where power lies within the organization and what might impact the future of the business
c)
To understand where power lies within the organization and what might impact the present of the business
d)
To understand where power lies outside the organization and what is impact the present of the business
4.
Which of the following step is included in strategic analysis process?
a)
Performing an environmental analysis of current strategies
b)
Determining the effectiveness of existing strategies
c)
Recommending and implementation of the most viable strategy
d)
All of the above
5.
A business strategy is mainly concerned with:
a)
Scope of business activities
b)
Growth of the business
c)
Proper collection of resources
d)
All of the above
6.
Command economy except:
a)
Competition
b)
Govt resources of ownership
c)
Consumer choice
d)
Centrally planned
7.
Analysing process of change in the Business environment involves conceptualizing it as:
a)
Dynamic
b)
Diverse
c)
Complex
d)
Static
8.
Which of the following option is not an example of ‘market failure?
a)
Failure to account externalities
b)
Failure to produce merit goods
c)
Failure of a firm to maximize its profits (d)
d)
Failure to produce public goods
9.
….................... .is a business analysis technique that an organization can perform for each of its products, services, and markets when deciding on the best way to achieve future growth:
a)
SWOT Analysis
b)
PESTLE Analysis
c)
Factor analysis
d)
All of the above
10.
Which of the strategic tool is most commonly used for analysing the micro environment:
a)
SWOT Analysis
b)
PESTLE Analysis
c)
Factor analysis
d)
All of the above
11.
Micro environment is also called as:
a)
General environment
b)
Operating environment
c)
Economics environment
d)
Political environment
12.
Patanjali Ayurveda Ltd. is the leading FMCG industry in India. Patanjali has gained popularity in no time. While performing a short PESTEL analysis to find out the reasons for the popularity, which of the following factors is considered as environmental f
a)
Ayurvedic products are free from chemicals hence they are safe for the environment
b)
The residue produced is less harmful when compared to other products
c)
India is a rich source of ayurvedic herbs
d)
All of the above
13.
PESTLE Stands for:
a)
Public, Economic, Social, and Technological, Legal, Environmental factors
b)
Political, Environmental, Social, and Transferable, Legal, Economic factors
c)
Political, Economic, Science, and Technological, Legal, Environmental factors
d)
Political, Economic, Social, and Technological, Legal, Environmental factors
14.
An analysis of the external environment enables a firm to identify:
a)
Weakness and threats
b)
Opportunities and threats
c)
Strength and weakness
d)
Strengths and opportunities
15.
The economic environment of a business includes:
a)
Economic system
b)
Economic policies
c)
Economic conditions
d)
All of the above
16.
Which of the following is technique for environmental analysis?
a)
Searcli and scanning
b)
Spying
c)
Formal forecasting
d)
All of the above
17.
...for environmental analysis refer to the methods of gathering relevant information for appraising the environment:
a)
Techniques
b)
Process
c)
Approach
d)
Steps
18.
…...............anticipate the future to identify future threats and opportunities:
a)
Scanning
b)
Monitoring
c)
Forecasting
d)
Assessment
19.
…..............entails process of perspective follow-up and in depth analysis of environ- mental tends:
a)
Forecasting
b)
Assessment
c)
Sćanning
d)
Monitoring
20.
…..................is the process of analysing the environment for the identification of factors which have impact on or have implication for the business:
a)
Forecasting
b)
Assessment
c)
Scanning
d)
None of these
21.
..........................assumes that forecasts from a group of individuals, with relevant expertise and experience, working in a systematic way, will be more useful than those from unstructured discussion group, where the individuals will have little op
a)
Delphi technique
b)
Causes model
c)
Time series analysis
d)
Scenario writing
22.
Is the a structure method of communication, originally developed as a systematic, interactive, forecasting method by the rand corporation in the late 1950:
a)
Causes model
b)
Time series analysis
c)
Scenario writing
d)
. Delphi technique
23.
Which list contains all the components of time series?
a)
Trend, cyclical, seasonal
b)
Trend, seasonal, irregular, cyclical
c)
Trend, cyclical
d)
None
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