789350
Description
Quiz by michellebasson, updated more than 1 year ago
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Created by michellebasson
almost 10 years ago
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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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