7514052
Description
Quiz by Chad Collins, updated more than 1 year ago
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Created by Chad Collins
almost 8 years ago
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Question 1
Question
Which is an example of a demographic trend?
Answer
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The aging of the population
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Shifting political climates
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Rising interest rates
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A concern for fitness and health
Question 2
Question
Which example illustrates how environmental factors are interrelated?
Answer
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The economy affects what competitors are doing.
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New legislation will be written in the future.
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Low investor confidence heavily impacts financial planners.
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The economy affects banking institutions.
Question 3
Question
When conducting an environmental scan, which is an economic factor that a business should consider?
Answer
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Consumer spending habits
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Global trade regulations
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Local demographics
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Restricted sales territories
Question 4
Question
Which statement is true about a business environment?
Answer
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It can be avoided.
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It is always changing.
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It consists of the economy and technology.
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It may not affect the business, depending on the industry.
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