Influences in the Business Environment

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Which of the following is NOT an internal influence on a business?

Location

Resources

Government regulations (correct)

Product

Which of the following is NOT a factor to consider when choosing a business location?

Cost

Proximity to customers

Visibility

Proximity to competitors (correct)

Which of the following is NOT one of the four main resources of a business?

Intellectual property resources (correct)

Human resources

Information resources

Physical resources

What is the advantage of a flatter organizational structure?

It reduces the number of levels of management. Signup and view all the answers

Which of the following is NOT one of the four essential elements of a business culture?

Policies Signup and view all the answers

Which of the following is NOT a stakeholder in a business?

Competitors Signup and view all the answers

Which of the following is a correct statement about product influences?

Product influences affect a range of internal structures and operations within the business. Signup and view all the answers

Which of the following statements about business culture is incorrect?

Business culture is determined solely by the values and beliefs of the organization's leaders. Signup and view all the answers

Which of the following statements about location is correct?

Location will have a direct impact on the sales and profits of some businesses. Signup and view all the answers

Which of the following is NOT mentioned as a factor to consider when choosing a business location?

Proximity to labor force Signup and view all the answers

Influences in the Business Environment

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Questions and Answers

Which of the following is NOT an internal influence on a business?

Which of the following is NOT a factor to consider when choosing a business location?

Which of the following is NOT one of the four main resources of a business?

What is the advantage of a flatter organizational structure?

Which of the following is NOT one of the four essential elements of a business culture?

Which of the following is NOT a stakeholder in a business?

Which of the following is a correct statement about product influences?

Which of the following statements about business culture is incorrect?

Which of the following statements about location is correct?

Which of the following is NOT mentioned as a factor to consider when choosing a business location?

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