10 Questions
What does the external business environment consist of?
Organizations, factors, and forces
What can business owners and managers control in their internal business environment?
Supplies to purchase and employees to hire
What must business leaders do to compete successfully in the open market?
Analyze the environment and adapt to its changes
What do external forces such as natural disasters and pandemics have on commerce?
Significant impact on commerce
What is the role of the global economic systems in affecting businesses?
Directly affects how businesses choose to operate and achieve their goals
What event critically wounded the environment, businesses, tourism, and people’s livelihood in 2010?
Gulf Coast Deepwater Horizon disaster
Which company handled the Gulf Coast Deepwater Horizon disaster and spent upwards of $60 billion in cleanup?
British Petroleum
What is a critical factor for leaders to consider in daily operations, according to the text?
Government activity and oversight
Which organizations have spent upwards of $50 million on lobbying activities in Washington, D.C. to help policy makers understand the importance of digital innovation and an “open” internet?
Google, Facebook, Amazon
What is one of the environmental influences mentioned in the text?
Technological advances
Explore the factors, organizations, and forces that shape the external business environment and influence business operations and decision-making. This quiz delves into the seven sub-environments that businesses navigate within the global economic systems.
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