Which of the following best describes the term 'business environment'?

Understanding the Business Environment

Quiz
•
Business
•
Professional Development
•
Hard
Ujjwala Vijay
Used 11+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The internal structure of a business
The combination of internal and external factors that influence a business
The financial statements of a business
The products and services offered by a business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of an external factor in the business environment?
Economic trends
Company culture
Legal regulations
Technological advancements
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The acronym PESTLE stands for Political, Economic, Social, Technological, Legal, and _______ factors.
Environmental
Ethical
Educational
Entrepreneurial
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a micro-environmental factor?
Suppliers
National economic policy
Global warming
Exchange rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rise in the Bank of England base interest rate is most likely to:
Lower borrowing costs for businesses
Increase borrowing costs for businesses
Have no effect on businesses
Reduce inflation automatically
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which legislation primarily protects employees from unfair dismissal in Great Britain?
Companies Act 2006
Employment Rights Act 1996
Data Protection Act 2018
Health and Safety at Work Act 1974
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a technological factor affecting the business environment?
Minimum wage increase
Introduction of 5G networks
Brexit negotiations
Changes in consumer tastes
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