Factors Affecting Businesses Quiz

Factors Affecting Businesses Quiz

University

15 Qs

quiz-placeholder

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Factors Affecting Businesses Quiz

Factors Affecting Businesses Quiz

Assessment

Quiz

Business

University

Medium

Created by

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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