What are some key things that happen during a BOOM period in a business?

unemployment levels are at a high

production of products will be at a low

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Influences in the Business Environment

michellebasson 9 questions

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1The Business environment refers to the every changing surrounding conditions in which the business operates
1. ATrue
2. BFalse
2Which of these are EXTERNAL factors?
1. Agovernment policy
2. Btechnology
3. Ceconomic conditions
4. Dsocial attitudes
5. Eproducts
6. Flocation
7. Gresources
8. Hmanagement
3which of these are INTERNAL factors?
1. Aproducts
2. Blocation
3. Cresources
4. Dmanagement
5. Egovernment policy
6. Ftechnology
7. Geconomic
8. Hsocial attitudes
4A business has lots of control over an internal factor
1. ATrue
2. BFalse
5A business has a small amount of control over external factors
1. ATrue
2. BFalse
6During a RECESSION, consumers become less wary of their spending
1. ATrue
2. BFalse
7During a BUST period unemployment levels rise
1. ATrue
2. BFalse
8What are some key things that happen during a BOOM period in a business?
1. AIncreased profits
2. Bemployment levels rise
3. Cincreased economic growth
4. Dunemployment levels are at a high
5. Eproduction of products will be at a low
9Deregulation means a reduction in government intervention in the financial system and an end to credit, interest and exchange rate controls.
1. ATrue
2. BFalse

Description: Quiz on Influences in the Business Environment, created by michellebasson on 25/04/2014.
Author: michellebasson
Language: English
Views: 286
Tags: business environment financial setting up a business studies economic social legal political
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