Practice Types Of Business Environment (1.5) - Business Environment

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9 questions

Flashcard drill
5 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
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the micro environment?
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Consider what factors the business can control.
Question 2.
Name one key factor of the macro environment.
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Think about larger societal influences.
3Question 3.
What does the micro environment include?
- Larger external factors
- Immediate controllable factors
- Government regulations
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Think about what is directly related to a business's daily operations.
4Question 4.
True or False: The macro environment consists of controllable factors.
- True
- False
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Consider what aspects a business can influence.
Question 5.
Analyze how a new trade policy could affect both the micro and macro environments of a local business.
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Consider how changes ripple through the supply chain.
Question 6.
Discuss a recent technological advancement and its direct impact on both the micro and macro environments for a specific industry.
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Think about how shopping has changed due to digital platforms.

5 more questions in this section. Enroll free to practise them all.