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Questions and Answers
What is the definition of business environment?
What is the definition of business environment?
- The economic, social, and political factors that affect a business (correct)
- The employees and management of a business
- The products and services offered by a business
- The physical location of a business
What is the purpose of conducting a SWOT analysis in relation to the business environment?
What is the purpose of conducting a SWOT analysis in relation to the business environment?
- To forecast future sales of a business
- To analyze financial statements of a business
- To determine the location of a business
- To identify the strengths, weaknesses, opportunities, and threats facing a business (correct)
Which of the following is NOT an example of a political factor in the business environment?
Which of the following is NOT an example of a political factor in the business environment?
- Political stability
- Consumer behavior (correct)
- Government regulations
- Tax policies
