Podcast
Questions and Answers
What are the controllable factors in a business environment?
What are the controllable factors in a business environment?
- Socio-cultural and political factors
- Internal factors like the marketing mix and company policies (correct)
- Climate and weather conditions
- Demographic, economic, and technological factors
Which of the following is an uncontrollable factor in a business environment?
Which of the following is an uncontrollable factor in a business environment?
- Promotion medium
- Product
- Demographic changes (correct)
- Price
What aspect of the business environment is responsible for demographic changes?
What aspect of the business environment is responsible for demographic changes?
- Managers' decisions
- Technological advancements
- Socio-cultural factors (correct)
- External conditions like government policies
What does management decide in relation to the marketing mix?
What does management decide in relation to the marketing mix?
Which factor influences the establishment of company policies?
Which factor influences the establishment of company policies?
Why is it important to monitor the business environment?
Why is it important to monitor the business environment?
What describes forces close to the company that affect its market interaction?
What describes forces close to the company that affect its market interaction?
Which of the following represents organizations that assist a company in promoting, selling, or distributing products to customers?
Which of the following represents organizations that assist a company in promoting, selling, or distributing products to customers?
What refers to business enterprises offering the same or alternative products, providing more choices in the market?
What refers to business enterprises offering the same or alternative products, providing more choices in the market?
Which is an example of a demographic factor that companies need to consider?
Which is an example of a demographic factor that companies need to consider?
Existing laws, ordinances, or government restrictions impacting a business are part of which external environment factor?
Existing laws, ordinances, or government restrictions impacting a business are part of which external environment factor?
Which type of environment is considered more difficult for a company to control?
Which type of environment is considered more difficult for a company to control?
