MULTIPLE CHOICE QUESTIONSCHAPTER 3: Business Environment
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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.
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