Challenges of the Business 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 metaphor describes how the three business environments are interconnected?
What metaphor describes how the three business environments are interconnected?
Spider web
What term describes how changes in one environment impact the other two environments?
What term describes how changes in one environment impact the other two environments?
Ripple effect
What does retrenchment mean in business?
What does retrenchment mean in business?
Reducing employees to cut costs
What must businesses do for long-term survival?
What must businesses do for long-term survival?
Monitor, respond to & influence all 3
What is lobbying in business?
What is lobbying in business?
Seeking to influence government
What does infrastructure refer to?
What does infrastructure refer to?
Physical structures & facilities
Which is a way businesses engage with the macro environment through community involvement?
Which is a way businesses engage with the macro environment through community involvement?
Create job opportunities
What are government tenders?
What are government tenders?
Contracts with agreed prices & times
What benefit do businesses gain from macro environment involvement?
What benefit do businesses gain from macro environment involvement?
Access to government tenders
In the retrenchment cycle, what happens when customers stop buying from a business?
In the retrenchment cycle, what happens when customers stop buying from a business?
The company may retrench workers