Which of the following would be considered to be part of external environment mcq

MULTIPLE CHOICE QUESTIONS

CHAPTER 3: Business Environment

  1. Which of the following is not a feature of Business environment
    (a) Interrelated Elements
    (b) Dynamics
    (c) Complexity
    (d) Continuous

  2. Identification of opportunities to get first more advantage is one of the importance of business environment
    (a) True
    (b) False
    (c) Cannot say

  3. Which of the following does not explain the impact of government policy changes on business & industry
    (a) Increasing competition
    (b) More demanding market customers
    (c) Market orientations
    (d) Change in agricultural prices

  4. ________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm:-
    (a) Opportunities
    (b) Warning
    (c) Threats
    (d) None of these

  5. Which of the following are the dimensions of the business environment:-
    (a) Economic & Social
    (b) Technological & Economic
    (c) Legal & Social
    (d) All of the above

  6. Liberalisation means
    (a) Policy of planned disinvestment
    (b) Integrating among economies
    (c) End of license & reduction of government control
    (d) None of these

  7. Globalization does not involve:-
    (a) Reduction of barrier
    (b) Free flow of goods & services
    (c) Global mechanism for settlement of economic disputes
    (d) Free flow of capital

  8. Which of the following are the impact of govt. policy changes on business & industry?
    (a) Increased competition
    (b) Need for change
    (c) Demanding customers
    (d) All of the above

Answer Keys

1 d 2 a 3 d 4 c 5 d 6 c 7 a 8 d

Which of the following would be considered to be part of external environment mcq

BUSINESS ENVIRONMENT

M.com First Semester

MC1C1

Multiple Choice Questions

1.The term business environment refers to …….. factors which impact functioning of a

firm

a)External factorsc) Internal factors

b)Management related factorsd) Internaland Externalfactors

2.………are generally considered as controllable factors.

a) Internal factorsc) External factors

b)Cost of productiond) None of these

3.Factors which are beyond the control of a business are called…..

a)Supplyc) Demand

b)Profitd) External factors

4.Marketing intermediariesare categorized under……. Environment.

a)Externalc) Macro

b)Microd) Remote

5.Value system followed by the management of a firm as certain influence on its…….

environment.

a)Internalc) External

b)Macrod) None of the above

6.Which among the followingis part of micro environment?

a)Customersc) Suppliers

b)Competitors d) All the above

7.Macro environment consist of…..

a)Political systemc) Demographic factors

b)Culture of the societyd) All the above

c)

Which of the following is not a part of external environment Mcq?

Your answer is product.

Which of the following is a part of an organization's external environment?

The external environment includes these six broad external conditions that may affect the organization: economic, political/legal, sociocultural, demographic, technological, and global conditions.

Which of the following is not a part of the external environment of an organization?

Answer and Explanation: The correct answer is D) competitors. Competitors are not categorized as part of an organization's environment; they are not involved in organizational decision-making and development strategies.

What are the 3 parts categories of the external environment?

In general, there are three major parts of external environment in business includes the general environment, the industrial environment and the competitor's environment.