Which of the following are components of the macro environment?
i. Political factors like government stability
ii. Competitors and suppliers
iii. Social and cultural trends
iv. Intermediaries like distributors and retailers
Ai and iii
Bi, ii and iii
Cii and iv
Di, iii and iv
Related Questions:
Which of the following are characteristics of a dynamic business environment?
i. It remains the same over time, regardless of changes in society or technology.
ii. It requires businesses to adapt continuously due to external influences and shifting trends.
iii. It is influenced by factors such as technological advancements and government policy changes.
iv. Organizations can completely control all aspects of their environment.
Which of the following statements about internal factors are correct?
i. Management style and company objectives are internal factors of the organization.
ii. Supplier relationships and customer preferences are considered internal factors.
iii. Company image, employee morale, and physical resources are examples of internal factors.
iv. Government policies are part of the internal environment.
Select the statements that accurately describe the business environment feature of complexity:
i. The business environment is simple and easy to analyze.
ii. Multiple interconnected factors make predicting future events difficult.
iii. Businesses need to be flexible due to the uncertainty and rapid changes in the environment.
Read the following statements and choose the correct option:
i. The macro environment includes political, economic, social, technological, legal, and environmental factors.
ii. The micro environment consists of customers, suppliers, competitors, and intermediaries.
iii. Macro environment factors can be directly controlled by the organization.
iv. Micro environment factors are completely uncontrollable by the organization.
Identify the true statements about business environment features:
i. The business environment is unique for every company.
ii. The business environment remains constant over time.
iii. External trends like technological advancement require business adaptation.
iv. Complexity and uncertainty in the environment demand proactive business strategies.
