Business Environment Quiz
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Questions and Answers

What is the term for the surroundings in which a company operates, including factors such as economic, social, and legal conditions?

  • Corporate climate
  • Business environment (correct)
  • Operational environment
  • Market ecosystem

    • Which of the following is NOT a part of the business environment?

  • Internal management structure (correct)
  • Competitor analysis
  • Technological advancements
  • Government regulations

    • What does the business environment comprise in addition to economic and legal factors?

  • Internal policies
  • Product development
  • Social aspects (correct)
  • Customer satisfaction

    • Which of the following is NOT typically considered a part of the business environment?

    <p>Competitor's marketing strategy</p> Signup and view all the answers

    What factors are included in the business environment?

    <p>Economic, legal, social, political, and technological factors</p> Signup and view all the answers

    Why is it important for companies to understand the business environment?

    <p>To adapt to changes and make informed decisions</p> Signup and view all the answers

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