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Duplicate of business - external environment Flashcards | StudBud
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Duplicate of business - external environment
Duplicate of business - external environment
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Business and management IB course - STEEPLE revision #business #steeple
Flashcards
16 cards
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Questions
16
Answers
1
Choose the definition of inflation:
the rate of change in average level of prices
the decrease in a currency value
the rare of change in average level of wages
the increase of a level of interest rates
2
Environmental aspect of STEEPLE is mostly important for:
mineral extraction
agriculture
tourism
farming
3
GDP refers to:
Gross Demand Production
Growth Domestic Production
Gross Domestic Product
Growth Domestic Product
4
Environmental controls on business activities does not include:
reducing packaging
waste disposal
controls of suppliers
usage of sustainable energy
5
Which of these factors will be included in social aspect of STEEPLE?
economic growth
code of conduct
education levels
government
6
What does not STEEPLE refer to?
economic factors
legal factors
labour factors
social factors
7
One of the effects of aging population isn't:
more people on pension
changing patterns of demand
increase in number of births
change in the structure of population
8
Demand - pull inflation is caused by:
rising costs
falling costs
excess demand in economy
decreasing demand in economy
9
The use of electronic technology to gather, store, process and communicate information
communication technology
storing technology
information technology
informative technology
10
Which one of these laws is not a consumer protection law?
high-pressure selling tactics
staff training
not advertising inaccurately
not selling faulty goods
11
choose one of the categories below that contributes to legal constrains of STEEPLE analysis:
form of a political structure
child labour
trade policies
consumer protection law
12
Choose one drawback that disobeying the ethical code may have on the business
damage of reputation
more satisfied consumers
disrespecting cultural variations
limiting child labour
13
Which of these is not a economic influence on a business strategy:
fiscal policy
infrastructure development
unemployment
interest rates
14
Objectives of the technological use in business do not include:
competitive advantage increases
improving global communication
cost benefits in the long run
overuse of the information
15
The value of one currency in terms of another currency is:
exchange rate
currency value
interest rate
exchange level
16
Political factors of STEEPLE does not include:
government stability
type of government
tarrifs
interest rate
