347LON International Business Strategy- Week 3 The Environment of International Business I

Question 1

Upskilling needs to be considered by workers, while artificial intelligence develops.

Accepted Answer

True

Question 2

Which one of the following factor(s) is/are micro business environment factors?

Accepted Answer

The general public, Suppliers

Question 3

PESTLE is a framework to help companies understand their organisational culture.

Accepted Answer

False

Question 4

How does PESTLE help companies develop their strategies?

Accepted Answer

Helps exploring the potential threats faced by the company

Question 5

For all companies, analysing macro environment is much more important than analysing micro environment.

Accepted Answer

False

Question 6

Global managers don't have to continuously scan the external environment.

Accepted Answer

False

Question 7

Companies don&#x27;t have to consider ethical issues, as they are aiming for income.

Accepted Answer

False

Question 8

The Macro Business Environment factors only supply threats.

Accepted Answer

False

Question 9

Last Thursday, the Bank of England further increases the interest rate to 2.25%. What might happen?

Accepted Answer

The fluctuant value of the Pound £ will affect company&#x27;s profits., Companies need to monitor the markets, as customers will save more money., Companies might consider fixed supply prices, to mitigate this risk.

Question 10

Sugar tax is an example/examples of which PESTEL factors?

Accepted Answer

Social, Legal

347LON International Business Strategy- Week 3 The Environment of International Business I

Questions 10

347LON International Business Strategy- Week 3 The Environment of International Business I

Questions 10