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