Business Environment
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Questions and Answers

Which of the following is NOT considered an external factor in the business environment?

  • Management (correct)
  • Social trends
  • Customers needs/wants
  • Employees

    • What is the purpose of environmental scanning in business decision making?

  • To analyze the overall business environment (correct)
  • To understand the impact of dynamic business environment
  • To identify various functional areas of business
  • To assess the impact of various components on business

    • Which course outcome focuses on understanding the impact of dynamic business environment on the operations of business?

  • CO1
  • CO4 (correct)
  • CO2
  • CO3

    • What does the term 'nature of business' mean?

    <p>Defining the objectives and structure of business</p> Signup and view all the answers

    What are some examples of external factors in the business environment?

    <p>Activities by government and economic changes</p> Signup and view all the answers

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