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Business Environment Quiz (CBSE Class 12)

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Business Environment Quiz (CBSE Class 12)

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Know the environment surrounding business

Created by

Nandini Anand
Nandini Anand
India

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Business Environment Quiz (CBSE Class 12)
 

Business Environment Quiz (CBSE Class 12)Online version

Know the environment surrounding business

by Nandini Anand
1

1. What best defines business environment?

2

2. Which is an external factor?

3

3. Why is understanding the business environment important?

4

4. Give an example of an external environment element.

5

5. What best describes the internal environment?

6

6. How can government policy affect business environment?

7

7. Which is a way firms can respond to a changing environment?

8

8. Why is the environment considered a source of opportunities and threats?

9

9. What role does stakeholders play in the business environment?

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10. How does understanding the business environment aid decision making?

Feedback

External and internal factors together shape decisions and results.

External factors include market and economic conditions beyond the firm.

Environment awareness helps risk management and strategic planning.

External elements include laws, policies, and market conditions.

Internal factors are controllable by the firm to some extent.

Policies shape operating costs, incentives, and market access.

Adaptive strategies help sustain performance amid change.

Opportunities arise from favorable trends; threats from risks.

Stakeholders include customers, suppliers, employees, and communities.

Strategic alignment reduces risk and improves outcomes.

 
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