15 Questions
What are the four main resources of a business?
Human, information, physical, and financial
How can business culture be defined?
Business culture can be seen in the unwritten or informal rules that guide how people in the organization behave.
How does a flatter organizational structure impact a business?
A flatter organizational structure reduces the number of levels of management.
What factors should be considered when choosing a business location?
Visibility, cost, proximity to suppliers, proximity to customers, and proximity to support services.
What are the essential elements of a business culture?
Values, symbols, rituals, and heroes.
What are the key internal influences on a business according to the text?
Product, location, resources, management, and business culture
Explain the impact of product influences on a business.
Product influences affect a range of internal structures and operations within the business.
How does location affect the sales and profits of some businesses?
Location will have a direct impact on the sales and profits of some businesses.
List the factors to consider when choosing a business location.
Visibility, cost, proximity to suppliers, proximity to customers, proximity to support services
What are the four main resources of a business?
Human, information, physical, financial
Explain how a flatter organizational structure impacts the management of a business.
A flatter organizational structure reduces the number of levels of management.
Define business culture according to the text.
Business culture can be seen in the unwritten or informal rules that guide how people in the organization behave.
What are the four essential elements of a business culture?
Values, symbols, rituals, heroes
How can business culture influence the behavior of individuals in an organization?
Business culture sets the tone for how people in the organization behave.
Explain the significance of stakeholders in the business environment.
Stakeholders play a crucial role in influencing the decisions and operations of a business.
This quiz covers the influences in the business environment, including external and internal factors such as government policy, technology, economic conditions, and social attitudes. Test your knowledge on the different aspects that impact businesses.
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