15 Questions
What does the term 'environment' refer to in the context of business?
The aggregate of all conditions, events, and influences surrounding and affecting the organization
According to Jauch and Gluecke, which factors are included in the business environment?
Socio-economic, technological, supplier, competitor, and government
Why is the business environment considered dynamic?
It is constantly changing due to various influences
What is one of the characteristics of the business environment?
It is complex, consisting of numerous factors, events, conditions, and influences from different sources
What type of effects can the same environmental trend have on different industries?
Different effects on different industries
Why is the business environment considered dynamic?
Due to its complexity and varied influences
What does the term 'environment' refer to in the context of business?
The aggregate of all conditions and influences that affect the organization
What type of effects can the same environmental trend have on different industries?
Diverse effects based on industry characteristics
According to Jauch and Gluecke, which factors are included in the business environment?
Socio-economic, technological, supplier, competitor, and government factors
What is one of the characteristics of the business environment?
It is multi-faceted and consists of many factors
What is the environment of an organization?
The aggregate of all conditions, events, and influences surrounding and affecting it
Why is the business environment considered complex?
Because it consists of a number of factors, events, conditions, and influences arising from different sources
What makes the business environment dynamic?
The constant change in market demand
Which sector is NOT included in the business environment according to Jauch and Gluecke?
Financial
Why is the environment of any organization considered multi-faceted?
Because the same environmental trend can have different effects on different industries
Test your knowledge of business environment and ethics with this quiz covering the concept of business environment as the aggregate of all conditions, events and influences that surround and affect an organization.
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