Copyright

Business Environment Overview Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Why is it important for companies to evaluate managerial decisions using a SWOT Analysis?

Question 2 2. The first steps management should consider determining the feasibility of a new project or expansion project is to determine:

Question 3 3. Jessica has just conducted a SWOT analysis of her firm. What should her next steps be?

Question 4 4. Why is a unique selling proposition important for a company?

Question 5 5. Why is environmental scanning used in marketing?

Page 2

Question 6 6. What are the two types of external environments in business?

Question 7 7. What are the factors found in the micro environment?

Question 8 8. What is the macro environment?

Question 9 9. What is an external environment in business?

Question 10 10. What factors are found in the macro environment?

Page 3

Question 11 11. If you are being subject to a new set of regulations, what type of factor is this and is it an external or internal factor?

Question 12 12. The values, norms and customs of your business constitutes what type of factor? Is it an internal or external factor?

Question 13 13. Which one of the following is the best explanation of business environment?

Question 14 14. What type of environmental factor is a high unemployment rate and is this an external or internal factor?

Question 15 15. Marketing research indicates that your customers are bailing on your products for environmental friendly products. What type of environmental factor is this and is it an external or internal factor?

Page 4

Question 16 16. What is market size?

Question 17 17. What is the domestic environment in business?

Question 18 18. What is a global business environment?

Question 19 19. What are cyclical changes?

Question 20 20. In regards to the domestic environment in business, what is reporting?

Business Environment Overview Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

ISC Commerce: Study Guide & Syllabus  /  Social Science Courses
Support