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Influences in the Business Environment

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Questions and Answers

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. (A) Signup and view all the answers

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

Policies (D) Signup and view all the answers

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

Competitors (C) 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. (C) 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. (B) 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. (A) 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 (A) Signup and view all the answers