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789350
Influences in the Business Environment
Description
Quiz on Influences in the Business Environment, created by michellebasson on 25/04/2014.
No tags specified
business
environment
financial
setting
up
a
business studies
economic
social
legal
political
Quiz by
michellebasson
, updated more than 1 year ago
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Created by
michellebasson
over 10 years ago
210
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0
Resource summary
Question 1
Question
The Business environment refers to the every changing surrounding conditions in which the business operates
Answer
True
False
Question 2
Question
Which of these are EXTERNAL factors?
Answer
government policy
technology
economic conditions
social attitudes
products
location
resources
management
Question 3
Question
which of these are INTERNAL factors?
Answer
products
location
resources
management
government policy
technology
economic
social attitudes
Question 4
Question
A business has lots of control over an internal factor
Answer
True
False
Question 5
Question
A business has a small amount of control over external factors
Answer
True
False
Question 6
Question
During a RECESSION, consumers become less wary of their spending
Answer
True
False
Question 7
Question
During a BUST period unemployment levels rise
Answer
True
False
Question 8
Question
What are some key things that happen during a BOOM period in a business?
Answer
Increased profits
employment levels rise
increased economic growth
unemployment levels are at a high
production of products will be at a low
Question 9
Question
Deregulation means a reduction in government intervention in the financial system and an end to credit, interest and exchange rate controls.
Answer
True
False
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