BUS 102 Leave a Comment / By Reward / July 5, 2023 Welcome to your BUS 102 Which of the following is not a feature of Business environment Continuous Dynamics Complexity Interrelated Elements Which of the following is not a feature of Business environment Interrelated Elements Dynamics Complexity Continuous Which of the following is not a feature of Business environment Interrelated Elements Dynamics Complexity Continuous Which of the following is not a feature of Business environment Interrelated Elements Dynamics Complexity Continuous Identification of opportunities to get first more advantage is one of the importance of business environment True False Cannot say True & false Identification of opportunities to get first more advantage is one of the importance of business environment True False Cannot say True & false Liberalisation means Policy of planned disinvestment Integrating among economies End of license & reduction of government control None of these Which of the following does not explain the impact of government policy changes on business & industry Increasing competition More demanding market customers Market orientations Change in agricultural prices Globalization does not involve:- Reduction of barrier Free flow of goods & services Global mechanism for settlement of economic disputes Free flow of capital Globalization does not involve:- Reduction of barrier Free flow of goods & services Global mechanism for settlement of economic disputes Free flow of capital Business Environment presents threats as well as opportunities for any business. True or false True False Not true All is correct The issue of Covid 19 pandemic that affect the operations of business in the world is------ Legal Factor . Economic factor Natural factor Demographic factor When a company taken over another one and clearly becomes the new owner, the action is called Merger Acquisition Strategic Alliance None of the above Relaxing the restrictions and controls imposed on Business and industry means Liberalisation .Privatisation Globalisation None of the above Liberalization means Reducing number of reserved industries from 17 to 8 .Liberating the industry, trade and economy from unwanted restrictions Opening up of economy to the world by attaining international competitiveness Free determination of interest rates Which among the following is not opened for private sector participation Power sector Telecommunication sector Education sector Railways Which among these is not a method of privatisation? Denationalisation Franchising Sale of Business All of these Which among these can be condition for the success of privatisation Alternative institutional arrangements Barriers to enter the market Measurability of performance All of the above Planning is a ------------ process Goal oriented Flexible Time bound All of these Globalisation is the term used to describe process of removal of restriction on Foreign Trade Investment Both (A) and (B) None of the above Globalisation means Setting of firms branches in other countries Adopting a global outlook Earning profit from Exports Attracting foreign investment Which one is not an element of internal environment? Marketing capabilities Operational Capabilities Money and capital market All of the above Which of the following are internal factors in the business environment of an organizat Employees Labour Unions Value system All of the above Business environment is created by:- Internal factors External factors Both A & B None of the above Option 2 Which of the following are external factors in the business environment of an organization: Taxation Government policies Inflation & Pandemic All of the above Which of this following is not a feature of business environment Business environment is Dynamic Complexity Unpredictable All of the above Which of this following is not a dimension for business environment Political environment Social cultural environment Economic environment Commercial environment The following are made up of external business environment except: Economic & Competitive environment Social and cultural environment Political and legal environment Macro and micro environment Change in interest rate, inflation rate and disposal income are example of :- Competitive environment Micro Environment Political environment Economic environment Social environmental factors affecting businesses includes all except: Society value Belief Culture Population Which of the external factors that relates to information on population trends Demographic factors Social factors Political factors Cultural factors MNCs means:- Multiple company services Multi-media corporation Multinational Corporation None is correct ------------is a corporation or an enterprise that manÂages production or delivers services in more than one country? Sole corporation Transnational corporation Domestic enterprises Global Business The term business environment refers to …….. factors which impact functioning of a firm External factors Internal factors Management related factors Internal and External factors ………are generally considered as controllable factors: Internal factors External factors Cost of production None of these Factors which are beyond the control of a business are called….. Supply Demand Profit External factors WTO Mean World Trade organising World Trade Organisation World traders organisation None External Environment of an organisation which affect its ability to reach business to goal is known as------ Supplier environment External environment Task environment Global environment Examples of Task environment include all of the following except one: Suppliers Competitors Customers Real estate agent The task environment is a subsite of the ---------- Internal environment External environment Competitive environment Industry environment ---------- involves external stakeholders that influence the firm's ability to attain its goals. Micro and Macro environment Major and Minor environment Task and Industry environment Global and competitive environment All but one can be considered as task environmental factors Suppliers Competitors Investors and Consumers Professional Sailor The following but one is not the benefits of competitors in task environment Increase and determine the market share Determine the price of the products Determine the profit margin and create opportunities for innovation None of is correct ----------- is a an international organisation that aspires for free trading and bind its Members with international commitments in terms of access to the goods and services markets WFO WTO ECOWAS All is correct All but one is not among the benefits of World Trade Organisation Promotion of Peace Disputes handling Promoting free trade Discourage trade and discourage economic growth ----------- is not among the member countries of ECOWAS Mali Liberia Nigeria France How many Members countries are ECOWAS 15 19 20 12 --------------- is a type of environment that deals with various types of and government and political risk of a country Global environment Cultural environment Political environment Legal environment -------- is a the environment that comprises of factors related to the materials & machines used in manufacturing goods & services Economic environment Political -legal environment Technological environmet Only a & b is correct --------- is the type of environment that consider new technology & adoption of new technology in decisions making Internal environment competitive environment Technological environment Global environment The Acronyms PESTLE mean------ Politics, Economics, Social, Legal & Ecosystem Political, Economics, Society, Legal & Ecology Political, economic, socio-cultural, technological, legal & Ecological Economic, Political, Legal, Social & Ecosystem Tax structure and Inflation rates is example of which environment---- Social- Cultural environment Political environment Technological environment Economic environment Understanding the value system and norms of the people is known as--------- Social system Cultural system Legal system a & b is correct Understanding the differences in Beliefs and life style of the people is known as------- Cultural system Social legal system Economic system Legal system only -------- is an environment that comprises of the laws and rules of the government Internal environment Social environment Cultural environment Legal environment ---------- is not among the benefits and importance of SWOT Analysis Best Use of Resources Survival and growth of Business Does not help in decision making Planning and control -----------is the process of relaxation of trade rules and regulations of a country by the government which paves the way for economic growth and development. Globalization Liberalization Trade All of the above All but one is not a good example of trade Liberalization Reducing Tariffs Reducing/elimination of Quotas Reducing Non-tariffs Barriers Reduction in employments opportunities ----------is the easing or elimination of trade barriers to facilitate the exchange of goods and services between countries Privatization Trade Liberalization Globalization a & b is correct Identification of opportunities to get first more advantage is one of the importance of business environment True False Cannot say True & false Time's upTime is Up!
