Final review 1.5

Which of the following factors is not part of a STEEPLE analysis?

• Ethical

• Economic

• Capacity

• Legal

What is a STEEPLE analysis conducted to assess?

• A firm’s internal environment

• A firm’s market position

• The historical market performance

• The external environment

Opportunities are ________ factors that can potentially benefit a business, whereas threats are ________ factors that can potentially harm a business.

• External, external

• External, internal

• Internal, internal

• Internal, external

Which of the following is not an example of a social factor?

• Population size

• E-commerce

• Fashions and tastes

• Level of education

Which of the following is not an example of a technological factor?

• E-commerce utilization

• IT infrastructure

• Carbon footprints

• Level of automation

Which of the following is not an example of an economic factor in the external business environment?

• Economic growth rates

• Inflation rates

• Interest rates

• Legislation

Which of the following is not an example of a political factor?

• Trade policies

• Political stability

• The choice of fiscal and monetary policies in force

• The state of the economy

Which of the following is not an example of a legal factor?

• Trade policies

• Consumer protection legislation

• Competition laws

• Employment ordinances

Which of the following is not an example of an ecological factor?

• Resource depletion

• Climate change

• Unemployment rates

• Carbon footprints

Higher inflation, which causes higher costs of production, is an example of a(n) __________ threat.

• Political

• Economic

• Legal

• Social