Practice Components Of The Business Environment (1.2) - Business Environment

Practice: Components of the Business Environment

Lesson 1.2Business Environment

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8 questions

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2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What are internal environment factors?
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Think about what a company can control internally.
Question 2.
Name one factor from the external environment.
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Consider factors outside the company.
3Question 3.
Which of the following is NOT part of the internal environment?
- Organizational Structure
- Competition
- Internal Policies
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Remember the differences between internal and external factors.
4Question 4.
True or False: The macro environment consists of controllable factors.
- True
- False
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Consider what 'macro' implies.
Question 5.
Discuss how a sudden technological advancement in e-commerce can alter the micro environment for traditional retailers. Provide suggestions for how these retailers might adapt.
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Consider both direct and indirect impacts of technology on consumer behavior and retail operations.
Question 6.
Evaluate the potential consequences for a business operating in a politically unstable region. Identify at least two strategies the business could employ to mitigate risks.
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Think critically about how external political conditions affect a company’s strategic decisions.

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