What is an example of an internal influence on a business?
- Economic conditions
- Government regulations
- Competition
- Company culture
Which of the following is an advantage a business becoming environmentally-friendly?
- Reduced costs from purchasing new equipment
- Low cost disposing of old equipment
- Increased sales from environmentally-concious customers
- Development and introduction of environmentally-friendly processes
A business that engages in e-commerce to expand its reach beyond physical stores is influenced by which factor?
- Economic conditions
- Technological advancements
- Social and cultural influences
- Competitive pressures
How does globalisation influence businesses?
- By making government regulations more restrictive
- By creating new economic factors
- By expanding market opportunities beyond national borders
- By altering employee turnover rates
Which of the following is not a definition of a "market"?
- A geographical area where buyers and sellers come together to trade
- Competition to sell a certain type of product
- A type of customer demographic
- Offering short-term price reductions to entice customers
A business seeking to expand its operations into new international markets is responding to which influence?
- Social
- Economic
- Technological
- Globalisation
Which type of organisation supports and represents its members and aims to improve their working conditions?
- A board of directors
- Human resources
- Trade union
- Independent collective
A change in consumer preferences for organic and sustainable products is an example of which influence on businesses?
- Social and cultural influences
- Economic conditions
- Governmental regulations
- Technological advancements
A business that adapts its products to cater to the needs of a diverse and multicultural customer base is influenced by which factor?
- Economic conditions
- Social and cultural diversity
- Technological advancements
- Governmental regulations
Which of the following is true?
- ICT has made business processes faster
- Technology is cheap to develop
- M-Commerce stands for "Media Commerce"
- Online stores do not require any staff
