Business Unit 1 Week 2 Environments, Objectives and Criteria

How many types of environments do we look at in Unit 1 Topic 1?

• One

• Two

• Three

• Four

Economic is in which environment?

• Macro (PESTLE)

• External Operating

• Internal Environment

Owners and Managers is in which environment?

• Macro (PESTLE)

• External Operating

• Internal Environment

Customers is in which environment?

• Macro (PESTLE)

• External Operating

• Internal Environment

Competitors is in which environment?

• Macro (PESTLE)

• External Operating

• Internal Environment

Organisational culture is in which environment?

• Macro (PESTLE)

• External Operating

• Internal Environment

Which of the following are part of the business objectives? (multiple answers)

• Increasing Profit

• Increasing Market Share

• Competitiveness

• Efficiency

Which of the following are part of the criteria we use to assess a business? (multiple answers)

• Increasing Profit

• Increasing Employment

• Competitiveness

• Stakeholder Satisfaction

The P, E & S in PEST stands for (multiple answers)

• Political

• Environmental

• Socio-cultural

• Legal

• Economic

The P, E, S & T in PEST stands for (multiple answers)

• Political

• Economic

• Socio-cultural

• Technology