9 Questions
What does the SWOT analysis model focus on?
Strengths, weaknesses, opportunities, and threats of a business
Which of the following is part of the macro environment affecting businesses?
Technological advancements
What does ETOP stand for in the context of business environment?
Environmental Threats and Opportunities Profile
Which of the following is considered a factor in the micro environment affecting businesses?
Competitors' strategies
What does the SWOT analysis model assess?
Strengths, weaknesses, opportunities, and threats of a business
What type of factors does the micro environment primarily consist of?
Internal factors within the organization
Which model is used to analyze the competitive forces in the business environment?
Porter's Five Forces model
What is the significance of environment scanning techniques for businesses?
To identify opportunities and threats in the business environment
What is the significance of environment scanning techniques for businesses?
It enables businesses to identify and analyze opportunities and threats in the external environment.
Test your knowledge of the meaning, definition, and significance of the business environment, including factors affecting it, micro and macro environments, environment scanning techniques, SWOT analysis, Porter's Five Forces model, and ETOP.
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