Unit 1 Business Management - Business Environments

The surrounding conditions in which the business operates are called....

• Environments

• Business contacts

• Business Environments

• Business Conditions

A stakeholder is ....

• someone who has a stake in the business

• someone who has an interest in the business and has different demands on the business

• someone who holds a steak

• someone who owns the business

Influences that come from within the business are in the

• macro environment

• external environment

• operating environment

• internal environment

Macro and operating factors are part of the external environment

• false

• true

Factors over which the business has little control over is called the

• internal environment

• operating environment

• macro environment

• external environment

The environment that is made up of broad forces, trends and conditions in the economy and society that the business has not control over is called the

• Macro Environment

• External Environment

• Internal Environment

• Operating Environment

Political and legal influences, societal influences, economic conditions, technological issues, CSR and global issues are all part of which environment?

• internal

• external

• macro

• operating

Customers, competitiors, suppliers and special interest groups are all part of the which environment?

• Internal

• Macro

• External

• Operating

Employees, managers, location and legal business structure are all part of which environment?

• External

• Internal

• Macro

• Operating

How many factors make up the Macro Environment

• 3

• 4

• 5

• 6