Business Environment Quiz 3 – Punjab Meritorious School Preparation Portal

Welcome to your Business Environment Quiz 3 CBT TEST

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Name

School Name with City

Phone Number

Through SWOT analysis:

Strengths and weakness existing within the environment can be matched with opportunities and threats in the organisation.

Strengths and weakness existing outside the organisation can be matched with opportunities and threats with the internal environment.

Strengths and weakness existing outside the organisation can be matched with opportunities and threats with the external environment.

Strengths and weakness existing within an organisation can be matched with opportunities and threats in the environment.

_______ response not merely recognises and wards off threats but also convert threats into opportunities:

Aggressive

Dynamic

Static

Passive

What is the kind of response in which a business should make efforts to exploit the opportunity and reduce the threats:

Strategic Responses

Least resistance

Diversify

Simplify

Which of the following is incorrect?

Value system, Mission, Objectives & Corporate culture are part of internal environment

Customers, Company and Suppliers constitute external but micro environment

Technological advancement and Government policy constitute internal but macro environment

Demographic, Political and Global factors constitute external but macro environment

The following statement relates to which strategic response approach to the environment: They seek to monitor the changes in that environment, analyse their impact on their own goals and activities and translate their assessment in terms of specific strategies for survival, stability and strength.

Proceed with caution

Least resistance

Dynamic response

Static Response

In the PEST framework for environmental analysis what does the letter E stand for?

Ecological

Economic

Ethical

Educational

Which of the following is not a characteristic of least resistance strategic response:

Simple goal maintaining

Passive approach

Dynamic

All of the above

The performance of business in the private sector is measured by:

Profitability

Customer Satisfaction

Number of employees

The salary of BOD

The term PESTLE analysis is used to describe a framework for analyzing:

Macro Environment

Micro Environment

Both Macro and Micro Environment

None of above

SWOT refers to:

Strength, Worry, Option, Threat

Strength, Weakness, Opportunity, Threat

Strong, Weak, Option, Threat

Strong, Weakness, Opportunity, Think

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