Business Environment Quiz
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Questions and Answers

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?

  • 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?

  • Political stability
  • Consumer behavior (correct)
  • Government regulations
  • Tax policies

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