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Questions and Answers
What is the definition of Business Environment?
What is the definition of Business Environment?
- The sum of all internal and external factors that impact a business (correct)
- The activities conducted by the government that impact a business
- The changes in technology and social trends that impact a business
- The collection of all employees and customers of a business
What is one of the objectives of studying Business Environment?
What is one of the objectives of studying Business Environment?
- To identify various functional areas of business and its distinct operations
- To explain the purpose of environmental scanning in business decision making
- To analyze the overall business environment and assess the impact of its various components on business (correct)
- To define the nature and objectives of business and articulate its structure
What is the purpose of environmental scanning in business decision making?
What is the purpose of environmental scanning in business decision making?
- To analyze the internal factors of a business
- To identify the functional areas of a business
- To gather information about the external factors that may impact a business (correct)
- To assess the impact of dynamic business environment on the operations of business
What does CO3 refer to in the course outcomes of studying Business Environment?
What does CO3 refer to in the course outcomes of studying Business Environment?
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What is the nature of business?
What is the nature of business?
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