Business Environment MCQs
Business Environment MCQs is the sum total of all the internal and external factors that creates an impact on the business. It is referred to as the collection of all individuals and entities that may or may not be under the control of the organisation, but which can have a greater impact on the performance, growth, profitability and in some cases survival of the organisation.
Business environment helps in determining the various business opportunities, resources and also assists in forming plans for the growth of the organisation.
The components of a business environment MCQs can be media, customers, government, economic conditions, suppliers, competitors etc. There are two types of environment within the business environment which are known as micro environment and macro environment.
Following are some of the business environment multiple choice questions and answers that will help the students in brushing up their understanding of the concept of business environment MCQs.
51. what is the nature of business environment?
A. Aggression.
B. Relative.
C. Uncertain.
D. Aggression, Relative and Uncertain.
ANSWER: D
52. What is the significance of business environment?
A. First Mover Advantage.
B. Competition.
C. Information.
D. Globalization.
ANSWER: A
53. What are the elements of business environment?
A. Micro Environment.
B. Macro Environment.
C. Complex Environment.
D. Steeple factor
ANSWER: D
Macro environment is also known as _________?
A. direct environment .
B. indirect environment.
C. competitive environment.
D. social environment.
ANSWER: B
55. Macro environment consist of ______?
A. public.
B. political & legal.
C. suppliers.
D. customers.
ANSWER: B
56. The micro environment consists ______.
A. Technological Environment.
B. Political Environment.
C. Economic Environment.
D. Public, middlemen, consumers & competitors.
ANSWER: D
57. _______ refers to all forces which have an economic impact.
A. Technological Environment.
B. Political Environment.
C. Economic Environment.
D. Legal environment
ANSWER: C
58. __________ decides on a particular course of action.
A. Legislature.
B. Executive.
C. Judiciary.
D. Public.
ANSWER: A
59. The first MNC came to India in _______.
A. 1920.
B. 1921.
C. 1919.
D. 1923
ANSWER: B
60. Economic growth can be measured by ___________.
A. the CPI.
B. the CBI.
C. GDP.
D. MPC.
ANSWER: C
