Business Environment Concepts and Analysis
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Business Environment Concepts and Analysis

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Questions and Answers

What does the SWOT analysis model focus on?

  • Financial performance and profitability of a business
  • Sales and marketing strategies of a business
  • Customer service and satisfaction of a business
  • Strengths, weaknesses, opportunities, and threats of a business (correct)

    • Which of the following is part of the macro environment affecting businesses?

  • Team motivation strategies
  • Technological advancements (correct)
  • Employee productivity
  • Quality control measures

    • What does ETOP stand for in the context of business environment?

  • Environmental Threats and Opportunities Profile (correct)
  • Economic Trends and Outlook Parameters
  • Enterprise Training and Orientation Program
  • Employee Time Off Policy

    • Which of the following is considered a factor in the micro environment affecting businesses?

    <p>Competitors' strategies</p> Signup and view all the answers

    What does the SWOT analysis model assess?

    <p>Strengths, weaknesses, opportunities, and threats of a business</p> Signup and view all the answers

    What type of factors does the micro environment primarily consist of?

    <p>Internal factors within the organization</p> Signup and view all the answers

    Which model is used to analyze the competitive forces in the business environment?

    <p>Porter's Five Forces model</p> Signup and view all the answers

    What is the significance of environment scanning techniques for businesses?

    <p>To identify opportunities and threats in the business environment</p> Signup and view all the answers

    What is the significance of environment scanning techniques for businesses?

    <p>It enables businesses to identify and analyze opportunities and threats in the external environment.</p> Signup and view all the answers

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