RCE 1.2 Factors Influencing the Business Environment

Which of the following is an example of a political factor that can influence the business environment?

• Interest rates

• Social mobility

• Cross party focus and agendas

• Emerging technologies

What is an example of an economic factor affecting businesses?

• Legislation changes

• Consumer trends

• Cultural expectations

• Digital waste

Which factor includes social mobility and market trends?

• Political factors

• Economic factors

• Social factors

• Technological factors

Emerging technologies are an example of which type of factor?

• Legal factors

• Technological factors

• Environmental factors

• Economic factors

What type of factor includes legislation changes and updates?

• Political factors

• Legal factors

• Social factors

• Environmental factors

Carbon footprints are associated with which type of factor?

• Economic factors

• Social factors

• Environmental factors

• Technological factors

Which of the following is NOT an economic factor?

• Interest rates

• Competitors

• Cultural expectations

• Periods of recession

Which factor is concerned with cultural expectations and socioeconomic aspects?

• Social factors

• Political factors

• Legal factors

• Environmental factors

Digital waste is an example of which type of factor?

• Economic factors

• Environmental factors

• Social factors

• Legal factors

Which factor can include changes in legislation?

• Technological factors

• Legal factors

• Economic factors

• Social factors