WorksheetsInfluence of Environment in Business
Total questions: 30
Worksheet time: 15mins
Which environment refers to factors related to inflation, interest rates, and exchange rates?
Political environment
Economic environment
Sociocultural environment
Technological environment
High inflation in a foreign country will most likely affect a company’s:
Employee skills
Production quality
Purchasing power of consumers
Company logo
Which factor is part of the political and legal environment?
Consumer lifestyle
Government trade policy
Technology innovation
Market demand
Changes in import and export laws are related to which environment?
Economic
Technological
Political and legal
Competition
Cultural values, beliefs, and customs belong to which environment?
Economic
Political
Sociocultural
Technological
A company must adapt its product design to local traditions. This relates to:
Competition environment
Economic environment
Sociocultural environment
Technological environment
The number of competitors in a market is part of the:
Political environment
Competition environment
Economic environment
Sociocultural environment
Price wars among international firms occur in which environment?
Competition
Political
Technological
Internal
Fast development of AI and automation affects which environment?
Economic
Technological
Political
Sociocultural
Which environment influences how a company uses digital platforms?
Political
Competition
Technological
Economic
Exchange rate fluctuations are part of the:
Sociocultural environment
Economic environment
Political environment
Competition environment
Government stability is related to which environment?
Technological
Political and legal
Economic
Internal
Consumer lifestyle trends influence which environment?
Economic
Sociocultural
Competition
Technological
Rival companies offering similar products affect the:
Political environment
Internal environment
Competition environment
Economic environment
Online marketing tools and e-commerce platforms relate to:
Economic environment
Technological environment
Political environment
Sociocultural environment
Internal environment refers to factors that are:
Outside the company
Controlled by competitors
Within the organization
Controlled by government
Capital in a company refers to:
Number of employees
Company reputation
Financial resources
Technology tools
Which internal factor involves materials used to produce goods?
Capital
Raw materials
Marketing
Personnel
Skilled workers are part of which internal environment?
Finance
Production
People
Marketing
Personnel refers to:
Machines
Management and staff
Customers
Suppliers
Budgeting and cash flow are related to:
Marketing
Production
Finance
Raw materials
The process of turning inputs into finished goods is called:
Marketing
Finance
Production
Capital
Advertising and promotion are part of:
Production
Marketing
Finance
Personnel
Lack of capital may cause problems in:
Government policy
Company operations
Culture differences
Market competition
Human skills and experience contribute to which factor?
Capital
People
Raw materials
Technology
Good marketing helps a company to:
Reduce inflation
Attract customers
Change government laws
Control competitors
Which internal environment supports decision-making and planning?
Finance
Competition
Sociocultural
Political
Production efficiency affects a company’s:
Culture
Costs and quality
Government policy
Exchange rate
Internal environments are important because they:
Cannot be controlled
Directly affect company performance
Are decided by customers
Are controlled by government
Which of the following is NOT an internal environment factor?
Capital
Marketing
Political stability
Personnel
