Business Impact Factors Quiz
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Questions and Answers

What are the two main categories that the business environment can be divided into?

  • Immediate environment and distant environment
  • Micro-environment and macro-environment (correct)
  • Internal environment and external environment
  • Local environment and global environment
  • Which category influences the functionality of a particular business itself?

  • Micro-environment (correct)
  • Local environment
  • Immediate environment
  • Internal environment
  • In what context is every business affected by a myriad of factors?

  • As a self-sufficient organization
  • As part of the business environment (correct)
  • As a standalone entity
  • As an isolated system
  • Which category affects the operation of all existing business entities?

    <p>Macro-environment</p> Signup and view all the answers

    Why is it essential to understand the business environment?

    <p>To track and comprehend how various factors affect your company</p> Signup and view all the answers

    What does the micro-environment primarily influence?

    <p>Functionality of a particular business</p> Signup and view all the answers

    Why is it important to understand the business environment?

    <p>To be able to track and comprehend how various factors affect your company</p> Signup and view all the answers

    What is the macro-environment primarily responsible for affecting?

    <p>Operation of all existing business entities</p> Signup and view all the answers

    In what context are businesses affected by a myriad of factors?

    <p>As part of the business environment</p> Signup and view all the answers

    What larger entity is every organization a part of?

    <p>Business environment</p> Signup and view all the answers

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