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WorksheetsOBJ 2.03 Environmental Scan
Total questions: 10
Worksheet time: 5mins
The BVM Company examined economic and political factors to determine if it should expand its operations. The company obtained the information by conducting a(n) ___________ analysis.
Strengths
Internal
Environmental
Tactical
While conducting an environmental scan, a convention bureau obtained information revealing that consumer confidence was gaining strength in the nation. This is an example of a(n) __________ factor.
Political
Economic
Demographic
Technological
To gather information for an environmental scan, Greenburg Industries gathers 12 of its loyal customers to get insight about their needs, wants, and preferences. What method is the business using to obtain information?
Personal Interview
Focus Group
Online Survey
Conference Call
When a company considers how a new trade agreement among several countries may impact its business activities, it is evaluating a(n) ________ factor.
Universal
Political
Cultural
Social
What is a legal factor that businesses commonly examine when conducting environmental scans?
Cost of living
Trade Regulations
Beliefs and Values
Natural Resources
When conducting an environmental scan, which of the following is an economic factor that a business should consider:
Local Demographics
Restricted Sales Territories
Consumer Spending Habits
Global Trade Regulations
As a result of conducting an environmental scan, a business might find that the rate of unemployment is slowly increasing, which is an example of a(n) __________ factor.
Political
Geographic
Economic
Regulatory
What is an economic factor that businesses might identify as a result of conducting an environmental scan?
Unemployment Rate
Increased Regulation
Population Shift
Lifestyle Adjustment
Which of the following elements is part of a business's external environment?
Marketing
Personnel
Tax Code
Research and Development
Which of the following is an external factor that could impact a business?
Changes in advertising strategy
Decrease in production levels
Increase in online shopping
Decrease in advertising budget
