WorksheetsSM External Environmental Analysis
Total questions: 25
Worksheet time: 13mins
What does the external environment consist of?
Outside forces affecting operations
Internal organizational factors
Employee rights and benefits
Market share and competition
Which act outlines employee rights in Malaysia?
Trade Act 1980
Environmental Quality Act 1974
Competition Act 2010
Employment Act 1955
What is the minimum wage in Malaysia as of 2025?
RM1,200
RM2,000
RM1,700
RM1,500
What is a consequence of high interest rates for firms?
Higher demand for luxury goods
Lower labor costs
Pause in expansion
Increased consumer spending
What demographic change is affecting demand for healthcare services in Malaysia?
Decreasing birth rates
Aging population
Rising immigration
Increasing youth population
Which of the following is a socio-cultural factor?
Trade deficits
Environmental regulations
Cultural values
Interest rates
What does PEST analysis stand for?
Political, Economic, Social, Technological
Political, Economic, Social, Trade
People, Environment, Society, Technology
Policy, Economy, Strategy, Technology
What is a key impact of the COVID-19 pandemic on Malaysia's economy?
Increased tourism
Higher unemployment rates
Lower fuel prices
Expansion of retail industries
Which law prohibits price-fixing in Malaysia?
Environmental Quality Act 1974
Competition Act 2010
Employment Act 1955
Trade Act 1980
What is a consequence of a weakening Ringgit?
Higher consumer purchasing power
Decreased demand for exports
Increased cost of imports
Lower production costs
What is one effect of mobile technology advancements?
Slower communication
New service offerings
Decreased internet usage
Reduced transportation options
What is a characteristic of Malaysia's cultural values?
Globalism
Materialism
Collectivism
Individualism
What is the impact of high-speed internet on e-commerce in Malaysia?
Decreased online shopping
Booming e-commerce growth
Lower consumer engagement
Increased shipping costs
What is a strategic response to increased labor costs due to minimum wage?
Adjust pricing strategies
Reduce employee benefits
Increase working hours
Outsource production
What is a potential effect of trade deficits?
Higher export revenues
Increased self-sufficiency
Dependency on foreign suppliers
Lower import costs
What is a key factor in the industry environment?
Corporate social responsibility
Employee satisfaction
Five forces model
Internal management structure
What is one way firms can comply with environmental regulations?
Reduce employee rights
Increase emissions
Manage waste responsibly
Ignore waste management
What is a consequence of an aging population in Malaysia?
Decreased demand for healthcare
Increased demand for retirement homes
Lower insurance needs
Reduced job opportunities
What is a strategic consideration for telecommunications companies in Malaysia?
Collusion with competitors
Fair competition
Price-fixing agreements
Market-sharing deals
What is a potential impact of inflation on consumer behavior?
Lower interest rates
Higher savings rates
Decreased purchasing power
Increased spending on luxury goods
What is a key aspect of the industry environment?
Employee turnover
Internal policies
Market competition
Corporate governance
What is a strategic response to changes in currency exchange rates?
Reduce product quality
Increase production volume
Adjust pricing strategies
Ignore import costs
What is a characteristic of the economic environment?
Interest rates
Cultural values
Technological advancements
Employee rights
What is a consequence of rapid technology transfer?
Faster adoption of production techniques
Decreased innovation
Increased production costs
Slower adoption of new techniques
What is a strategic consideration for firms during economic downturns?
Ignore market trends
Expand product lines
Reduce operational costs
Increase marketing budgets
