Factors Affecting Businesses Quiz
Quiz
•
Business
•
University
•
Medium
Adenike Owoeye
Used 5+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are economic factors that affect businesses?
Labor laws, environmental regulations, and corporate social responsibility
Inflation, interest rates, exchange rates, and economic growth
Weather conditions, population size, and technological advancements
Political stability, consumer preferences, and social media trends
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do technological factors impact businesses?
By improving customer service and satisfaction
By reducing costs and increasing profits
By influencing government policies and regulations
By affecting their operations, productivity, and competitiveness.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are social factors that can influence businesses?
Weather patterns, geological events, and natural disasters
Cultural trends, demographics, social attitudes, and lifestyle changes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What legal factors can affect businesses?
Employee benefits, company culture, and customer satisfaction
Government regulations, labor laws, and tax policies
Weather conditions, market demand, and technological advancements
Advertising strategies, product quality, and supply chain management
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are internal factors that can impact businesses?
Management, employee morale, company culture, and financial resources
Global economic trends
Political stability
Weather conditions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic factor refers to the general increase in prices of goods and services?
Recession
Inflation
Stagnation
Deflation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can technological advancements benefit businesses?
By limiting the target audience and reducing competitiveness
By causing more confusion and complexity
By increasing operational costs and inefficiency
By improving efficiency, reducing costs, reaching a wider audience, and staying competitive in the market.
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