Tag: dimensions of business environment

Quizzes (0) Questions (98)

Questions Related to dimensions of business environment

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

Macro-environment is concerned with _____________.

  1. socio-cultural and demographers

  2. political and legal

  3. technological

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Macro-environment refers to the general environment that can affect all the working conditions of the business. The main elements involved in this environment are PESTLE i.e. political, economic, social, technological, legal and environmental. Hence, it is concerned with all of the mentioned elements.

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

'Age distribution' is a term related to _________.

  1. culture factors

  2. rsources factors

  3. structure factors

  4. social factors
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Social factors of PESTLE Analysis
-culture of the society that an organization operates within
-dempgraphic
- age distribution
- population growth rates
- level of education
- distribution of wealth
- social classes, living conditions and lifestyle

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

External environmental scanning includes scanning of _______.

  1. technical strength of organisation

  2. legal Environment

  3. manpower

  4. resources
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

External environmental scanning includes scanning of legal environment since legal environment does not depend on the internal activities of the business organization. Legal environment deals with the laws which the government make for the business organizations functioning in an economy.

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

Environmental scanning includes _______.

  1. internal

  2. external

  3. both (a) and (b)

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Environmental scanning includes both internal and external. The complete awareness and understanding of business environment is known as environment scanning. Environment scanning is conducted to find out the influence of different factors and persons on the business transactions. It is done to identify opportunities and threats affecting the business organization.

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

What is most appropriate externally imposed strategy?

  1. Imposition of strategy by individual shareholder.

  2. Imposition of strategy by managers

  3. Reacting to threats and opportunities in the environment

  4. The imposition of strategy by Government in companies where it has extensive regulation.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The imposition of strategy by Government in companies where it has extensive regulation is the most appropriate externally imposed strategy since externally imposed strategy can be defined as strategy which is deliberately imposed on the organization from the elements of the external business environment upon which the organization has no or little control.

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

Research which is pro-actively carried out for a specific purpose is called ________.

  1. primary research

  2. secondary research

  3. active scanning

  4. creative destructions
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Research which is pro-actively carried out for a specific purpose is called primary research. It helps to acquire data to serve the specific purpose. Primary research generally obtains information from the direct sources,

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

Which of the following is a way that employers perceive or use resumes?

  1. Employers use resumes to disqualify unsuitable applicants from the job.

  2. Employers assume that a resume is too short to be indicative of what the applicants work is like.

  3. Employers read every word in resumes to be through.

  4. Employers place very little emphasis on resumes when evaluating candidates for a job.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Resumes are primarily used as a screening tool to filter out candidates who do not meet the minimum qualifications or requirements for a position.

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

What is the watershed year in the history of e-mail marketing

  1. 1976

  2. 1974

  3. 1972

  4. 1970
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

1976 was a watershed year in the history of e-mail marketing. By 1976 email had really taken off, and commercial packages began to appear. Within a couple of years, 75% of all ARPANET traffic was email.

Multiple choice business organisation and correspondence meaning and factors of business environment dimensions of business environment business environment and its dimensions business environment

Cartel is :

  1. Fraudulent behaviour of company

  2. Fraudulent behaviours of bidden

  3. Fraudulent collusion between bidders

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
A cartel is an organization created from a formal agreement between a group of producers of a good or service to regulate supply in an effort to regulate or manipulate prices. In other words, a cartel is a collection of otherwise independent businesses or countries that act together as if they were a single producer and thus are able to fix prices for the goods they produce and the services they render without competition.
A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices. Cartels typically control selling prices, but some are organized to control the prices of purchased inputs. Antitrust laws attempt to deter or forbid cartels. A single entity that holds a monopoly by this definition cannot be a cartel, though it may be guilty of abusing said monopoly in other ways. Cartels usually occur in oligopolies, where there are a small number of sellers and usually involve homogeneous products.