What are the two categories of the business environment discussed?
Business Studies Quiz - Week 1

Quiz
•
Business
•
10th Grade
•
Medium
Ian Paul Bergstedt
Used 5+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Micro and Macro
Local and Global
Public and Private
Internal and External
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which factor is NOT part of the micro environment?
Suppliers
Employees
Customers
Political factors
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the role of competitors in the micro environment?
To create a competitive advantage
To provide funding
To ensure legal compliance
To manage supply chains
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which of the following is a macro environmental factor?
Employees
Suppliers
Technological factors
Customers
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What does financial management primarily focus on?
Recruiting employees
Managing budgets and accounting
Ensuring customer satisfaction
Creating marketing strategies
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Which function involves sourcing and buying raw materials?
Customer Service
General Management
Purchasing and Procurement
Production and Operations
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the main goal of marketing and sales?
To handle record-keeping
To manage employee performance
To identify customer needs
To ensure legal compliance
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