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WorksheetsBusiness studies Yr 12 business questions
Total questions: 10
Worksheet time: 5mins
What type of business environment do the following examples represent?
A recession hits the country, causing consumers to reduce spending on non-essential items.
Economic
Political
A breakthrough in renewable energy technology leads to cheaper and more efficient solar panels.
Technological
Economic
A new government policy imposes stricter regulations on environmental protection, impacting manufacturing processes.
Natural
Political
A new competitor enters the market with a disruptive business model, challenging existing industry leaders.
Political
Competitive
Severe weather events such as hurricanes or droughts disrupt agricultural production, leading to supply chain disruptions and increased commodity price
Natural
Economic
Which of the following are the dimensions of the business environment? *
Economic Environment
Social Environement
Technological Enrionment
All of the above
________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm *
Opportunities
Threats
Benefits
None of the above
Relaxing the restrictions and controls imposed on Business and industry means *
Globalisation
Liberalisation
Privatisation
All of the above
Which of the following are the impact of govt. policy changes on business & industry? *
Increased competition
More Demanding customers
Need for change
All of the above
The organic food market in India is grow at 25-30 per cent which reflects a clear shift in consumer tastes and preferences. The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online. Which dimension of business environment is highlighted here?
Economic Environment
Social Environment
Political Environment
Technological Environment
