Understanding the Business Environment

Understanding the Business Environment

Professional Development

30 Qs

quiz-placeholder

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Understanding the Business Environment

Understanding the Business Environment

Assessment

Quiz

Business

Professional Development

Hard

Created by

Ujjwala Vijay

Used 11+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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