The Meaning of the Micro Environment (Grade 10 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the key advantage of the micro environment?
What is the key advantage of the micro environment?
Management has direct control over it
How do the three business environments relate to each other?
How do the three business environments relate to each other?
They are nested circles within each other
How many main components make up the micro environment?
How many main components make up the micro environment?
Six main components
What does a vision statement describe?
What does a vision statement describe?
Where the business sees itself in future
What is the key distinction between goals and objectives?
What is the key distinction between goals and objectives?
Goals are long-term, objectives are steps
What are norms in organisational culture?
What are norms in organisational culture?
Rules or expectations enforced by business
How many main groups of business resources are there?
How many main groups of business resources are there?
Four main groups
What is a bank overdraft?
What is a bank overdraft?
Withdrawing more money than in account
What does management focus on?
What does management focus on?
Planning, organising, and controlling
What is another name for organisational structure?
What is another name for organisational structure?
Organogram