Who is a stakeholder of a company?

any entity that has interest in the company

What does PESTLE Acronym stand for

Political, Economic, Social, Techno, Legal and Environment

A market economy is where a

government reduces regulations and businesses decide what to do

What is the aim of global marketing?

To sell the same product or service all over the world

The technological environment includes....

Science and technology infrastructure

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LBFM201 WK 2

20 termsStudBud Administration83 plays

GLOBAL ECONOMIC SYSTEMS

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Questions 20

Answers

1
Who is a stakeholder of a company?
None of the above
All of the above
Technology
any entity that has interest in the company
2
Which of these is NOT a PESTLE factor
Environmental
Economic
Technological
Ecological
3
What are the negatives of globalization?
price instability.
job insecurity
terrorism
All the above
4
What is one of the disadvantages of globalization?
Some people are getting poor
It doesn't benefit the people
People aren't able to open up more
You can't get to know other people's culture
5
When was PESTLE analysis first developed?
1909
1943
1967
1999
6
Some of the challenges faced by global supply management are:
Different languages, cultures, currencies
Risk of damage, disruption, and terrorism
Agencies / Intermediaries such as freight forwarders
All of the previous
7
What does PESTLE Acronym stand for
Political, Economic, Social, Techno, Legal and Environment
Polo, Eco,Social, Techno, Legal and Environment
Polo, Ear, Soft, Tell, Late and Eyes
Polo, Easter, Sale, Telephone, Legal and Empty
8
Mixed economic systems appear to be the norm globally
False
True
9
The political and economic environment does not include this....
Employment law
◦Economic policy◦◦
Demography
Taxes/Incentives
10
Which of these is is not a feature of the external environment ....
Turbulent
Complex
Stable
Dynamic
11
Which of these is not an example of globalization?
Cultural Influences
International Agreements
Trade and Investment
Buying locally
12
A market economy is where a
a form of economic imperialism
tariffs and taxes are removed to create free trade
government reduces regulations and businesses decide what to do
government owns everything and makes all decisions
13
All these are part of the socio cultural environment except one. Which one is not ........?
Culture/Customs
Language
Banking System
Religion
14
Economic systems regulate the factors of production, including land, capital, and labor
True
False
15
What is the aim of global marketing?
To sell different products across the world
Promoting and selling products or services
To individually promote different products or services
To sell the same product or service all over the world
16
Which of these could be a solutaion to global warming
mine more holes
go carnivore
waste more food
plant forests
17
The technological environment includes....
free market, natural resources, labor
free enterprise, command economy, mixed economy
Science and technology infrastructure
individual rights, state rights, mixed rights
18
All these are concepts of Business Strategy except one.....
Positioning
Industry-based view
Balance of Payments
Planning
19
PESTLE is used as an influence on decision-making, however what factors do they represent?
Internal
Educational
External
Ethical
20
Who is said to have created PESTLE analysis?
Frances De La Tour
Francis Rossi
Francis Aguilar
Dick Francis

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