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?

    <p>It reduces the number of levels of management.</p> Signup and view all the answers

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

    <p>Policies</p> Signup and view all the answers

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

    <p>Competitors</p> Signup and view all the answers

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

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

    Which of the following statements about business culture is incorrect?

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

    Which of the following statements about location is correct?

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

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

    <p>Proximity to labor force</p> Signup and view all the answers

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