What Is Business Environment? - Definition & Factors


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Which one of the following is the best explanation of business environment?

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1. 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?

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

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About This Quiz & Worksheet

There are numerous factors that play into a business environment. This quiz and worksheet combination will present you with different situations and descriptions to see how well you can determine what type of factors they represent.

Quiz & Worksheet Goals

In this quiz, you will be tested on the following types of factors:

  • Internal
  • External
  • Environmental
  • Those involving values and customs

Skills Practiced

Prepare to utilize the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related business environment lesson
  • Interpreting information - verify that you can read information regarding results of market research and correctly interpret which factors are involved
  • Information recall - access the knowledge you've gained regarding what factor includes the impact of new regulations
  • Knowledge application - use your knowledge to answer questions about external factors

Additional Learning

Studying the related lesson, What is Business Environment? - Definition, Factors & Quiz, will help develop your understanding of this topic. This lesson will address the following:

  • The definition of business environment
  • Explanations of external constraints
  • Types of external factors, including political, macroeconomic, microeconomic, and social
  • Internal factors, including organizational culture and management structure
Final Exam
Supplemental Business: Study Aid
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Chapter Exam