Questions on the business environments and business operations
Understanding Business Environments Quiz
Test your knowledge on the critical aspects of business environments and operations! This quiz covers essential concepts, strategies, and relationships that impact how businesses fun
- Multiple choice questions
- Assess your knowledge
- Learn about networking, lobbying, and more!
Management cannot ignore the _________ in the business environments.
Employees
Customers
Challenges
Suppliers
Which of these is not a strategy that can help business enterprises adapt to challenges:
Strategic responses
Expanding
Alliances
Organisation design and flexibility
Social responsibility
Forming relationships with significant parties in the business environment cannot help business enterprises address challenges. True/False?
True
False
A relationship is where there is some sort of an understanding between ___ or more parties
1
2
Parties to a relationship do not possess the same degree of power. True/False?
True
False
What is abused in a relationship to achieve a goal?
Time
Resources
Energy
Power
As relationships grow, they become _______ and parties gain _____ from the relationship.
Stronger
Weaker
Less
More
If any party to a relationship abuses to power in they have, the relationship will ______
Grow
Suffer
Networking is the process of meeting new people and building relationships so that one side can benefit.
True
False
Networking involves building alliances with other people. Why is this so?
To build friendships
To make agreements
To benefit from each others services
To share ideas
Which one is not an advantage of networking?
Meeting new clients
Making more profit
Discovering new business opportunities
Finding new job opportunities
Lobbying refers to the process of influencing legislation or parliamentary decision making. True/False?
True
False
Lobbying involves acquiring _______ support for an issue.
Public
Private
"Appealing to the public to influence government"
Direct
Grassroots
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