Internal and External Environment (VCE SSCE Business Management): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are the three interconnected layers of the business environment?
What are the three interconnected layers of the business environment?
Internal, operating, and macro
What is the primary concern of shareholders as internal stakeholders?
What is the primary concern of shareholders as internal stakeholders?
Return on their investment
What do employees seek as internal stakeholders?
What do employees seek as internal stakeholders?
Job security & fair compensation
Why are reliable supplier relationships essential for businesses?
Why are reliable supplier relationships essential for businesses?
For consistent product quality
What is the role of interest groups in the operating environment?
What is the role of interest groups in the operating environment?
Influence business practices & policies
Which factors are part of the macro environment?
Which factors are part of the macro environment?
Laws, economic conditions, & technology
What is the key difference between operating and macro environments?
What is the key difference between operating and macro environments?
Operating has two-way, macro has one-way
In the concentric model, which environment is in the centre?
In the concentric model, which environment is in the centre?
Internal environment
What does a proactive approach to macro environment changes involve?
What does a proactive approach to macro environment changes involve?
Anticipating changes & preparing ahead
What do positive economic conditions typically increase?
What do positive economic conditions typically increase?
Consumer spending power & willingness