Question

MULTI CHOICE QUESTIONS
INTERNATIONAL BUSINESS
1.
is consists of the totality of all factors within or outside the control of individual business firms.
a) Business
b) Environment
c) Business environment d) organization
2. Environment is always changing constraining and
a) Competing
b) Uncertain
c) dynamic
d) Specific
3. Environment is a
process
a) Dynamic
b) Complex
c) interactive
d) All of the above
is the product of environment.
a) Opportunity
b) Threads
c) Business
d) Factors
5. There are two sets of factors which influence the business of an enterprise is
4.​

Answer 1

Answer:

1.d

2.c

3. a

4. c

Explanation:

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Answer 2

1. c) Business environment consists of the totality of all factors within or outside the control of individual business firms.

• Business environment refers to the integration of all the internal as well as external factors like clients, customers, government, suppliers and many more
• It affects the working of the company either directly or indirectly.

2.  Environment is always changing constraining and uncertain.

• Business environment has 7 factors including changing, constraining and uncertainty.
• In business, often nothing can be said with a certain amount of certainty due to constantly changing factors.

3. Environment is a dynamic process.

• Business environment is considered to be a dynamic process due to constant changes.
• Changes may be in technology, government policies, choice of the customers, trends of the market etc.

4. Business is the product of the environment.

• Business environment is the totality of all the internal and external factors.
• Business and business environment have a symbiotic relation.

5. There are two sets of factors which influence the business of an enterprise is-internal and external.

• Business environment is a collection of all the internal and external factors.

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