Business’ Control Over the Micro, Market, and Macro Environments (Grade 11 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 level of control do businesses have over their micro environment?
What level of control do businesses have over their micro environment?
Full or complete control
What are stakeholders in a business context?
What are stakeholders in a business context?
People/groups with interest who affect/are
What is a marketing strategy?
What is a marketing strategy?
Plan outlining marketing objectives & ways
What are strategic alliances?
What are strategic alliances?
Arrangements between 2 companies for mutual
What level of control do businesses have over the market environment?
What level of control do businesses have over the market environment?
Limited control but can influence it
What level of control do businesses have over the macro environment?
What level of control do businesses have over the macro environment?
No direct control
Which is a way businesses control their micro environment?
Which is a way businesses control their micro environment?
Resource management: using money, people, etc
Which is an example of a macro environment factor?
Which is an example of a macro environment factor?
Inflation rates & currency fluctuations
Who or what are regulators?
Who or what are regulators?
People/organisations that create business
How can businesses influence suppliers?
How can businesses influence suppliers?
Signing long-term contracts at fixed prices