WorksheetsBusiness Environment - External Business Environment
Total questions: 15
Worksheet time: 8mins
The surrounding conditions in which the business operates are called....
Environments
Business contacts
Business Environments
Business Conditions
Influences that come from within the business are in the....
Macro Environment
External Environment
Operating Environment
Internal Environment
The environment that is made up of broad forces, trends and conditions in the economy and society that the business has not control over is called the
Macro Environment
External Environment
Operating Environment
Internal Environment
Political and legal influences, societal influences, economic conditions, technological issues, and global issues are all part of which environment?
Internal
External
Macro
Operating
Employees, managers, location and legal business structure are all part of which environment?
Internal
External
Macro
Operating
Which of the following demonstrates the impact of a weak pound on a UK business that imports raw materials and exports finished goods?
Imported raw materials dearer and exported finished goods cheaper
Imported raw materials cheaper and exported finished goods cheaper
Imported raw materials dearer and exported finished goods dearer
Imported raw materials cheaper and exported finished goods dearer
Which of the following is a feature of a weak economic climate?
High levels of consumer spending
Low levels of consumer spending
High levels of employment
Low levels of unemployment
Which of following is most likely to occur as interest rates fall?
Sales of luxury products increase
Sales of essential products increase
Sales of luxury products decrease
Sales of essential products decrease
Macro and operating factors are part of the external environment
false
true
If the government increases corporation tax...
Businesses have less profit to reinvest
Businesses have more profit to reinvest
Which of the following is NOT a government objective
increasing GDP
controlling inflation
increasing unemployment rate
controlling balance of payments
when there is period of prolonged economic growth, this is called a:
boom
recession
slump
recovery
Tax on factory workers weekly wage is known as
gift tax
income tax
corporation tax
VAT
Tax on company's profit is known as
gift tax
income tax
capital gains tax
corporation tax
Which one of the following is NOT an external influence
Minimum wage laws
The size of the workforce
Health and Safety regulations
Bank interest rates
