This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 3 Business Environment – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 3 Business Environment Quiz 20 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Untuk meningkatkan daya saing produk, pemerintah Indonesia menjual Sepatu dengan harga yang lebih murah di Amerika, hal ini merupakan kebijakan dari ..... A) Dumping. B) Subsidi. C) Premi. D) Tarif. Show Answer Correct Answer: A) Dumping. 2. Which tool would we use to analyse the Macro environment? A) PESTLE. B) SWOT. C) Porter's 5 Forces. D) Contingency plan. Show Answer Correct Answer: A) PESTLE. 3. What is the impact of competition on the business environment? A) Competition creates monopolies that harm consumers. B) Competition leads to higher prices and reduced quality. C) Competition enhances innovation, quality, and efficiency while lowering prices in the business environment. D) Competition stifles innovation and creativity in businesses. Show Answer Correct Answer: C) Competition enhances innovation, quality, and efficiency while lowering prices in the business environment. 4. What does the term 'LPG' in economic policies stand for? A) Loans, Profits, Growth. B) Liberalization, Privatization, Globalization. C) Local, Private, Government. D) Labor, Production, Goods. Show Answer Correct Answer: B) Liberalization, Privatization, Globalization. 5. Repayment of a foreign loan A) Decreases foreign liabilities. B) Is recorded as a debit in the financial account. C) Increases foreign assets. D) Is recorded as a debit in primary income. Show Answer Correct Answer: B) Is recorded as a debit in the financial account. 6. Theorists of free trade believe that free world trade will create inequality and high costs due to interconnectivity of economies A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 7. 7) The project of Nano car re-established in Gujarat is indicated by which factor of environment? A) Economic factor. B) Political factor. C) Social factor. D) Legal factor. Show Answer Correct Answer: B) Political factor. 8. Psychographics are: A) The physical attributes of the target market. B) The wants and needs of the consumers. C) The beliefs and values of the consumers. D) The education level of the consumers. Show Answer Correct Answer: C) The beliefs and values of the consumers. 9. Both internal and external factors can impact the global business environment. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 10. A company launches a new product and advertises it by making false claims about its effectiveness, which misleads customers. Under the legal environment of business, this act will be governed by: A) The Indian Contract Act, 1872. B) The Companies Act, 2013. C) The Consumer Protection Act, 2019. D) The Partnership Act, 1932. Show Answer Correct Answer: C) The Consumer Protection Act, 2019. 11. As a monopolistic competition type of firm, ASTRO has to ..... in order to remain ahead of the competition. A) Sell homogenous products. B) Ensure it has economies of scale. C) Increase the barriers to market entry. D) Differentiate its products using branding. Show Answer Correct Answer: D) Differentiate its products using branding. 12. A project is in the execution phase when a new environmental regulation is passed that affects the project's deliverables. What should the project manager do? A) Update the project management plan to comply with the new regulation. B) Ignore the regulation until an audit is scheduled. C) Wait for the regulatory body to contact them directly. D) Apply for an exemption from the new regulation. Show Answer Correct Answer: A) Update the project management plan to comply with the new regulation. 13. Which of the following factors is considered part of the micro environment? A) Market trends. B) Supplier relationships. C) Global economic shifts. D) Regulatory changes. Show Answer Correct Answer: B) Supplier relationships. 14. Economic dimension includes: A) Balance of payments & forex reserves. B) Industrial trends. C) Imports & exports volume. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Who are regarded as the king of the market in the business environment? A) Suppliers. B) Competitors. C) Customers. D) Public. Show Answer Correct Answer: C) Customers. 16. A lumber company has implemented a policy that for every tree that it cuts down, it will plant two new trees in an urban area of the city. The company's aim is to help reduce pollution in the city, while increasing sustainability. What would this type of initiative be considered? A) CSR. B) Political stability. C) Profitable objectives. D) All of the choices. Show Answer Correct Answer: A) CSR. 17. Apa tujuan empati dalam lingkungan bisnis? A) Untuk meningkatkan keuntungan. B) Untuk memahami kebutuhan pelanggan. C) Untuk mengurangi biaya. D) Untuk meningkatkan strategi pemasaran. Show Answer Correct Answer: B) Untuk memahami kebutuhan pelanggan. 18. Hiring a lawyer can help safeguard against changes in this environment. A) Legislative. B) Political. C) Economic. D) Environmental. Show Answer Correct Answer: A) Legislative. 19. Which of the following was not one of the reasons for introducing new economic policy? A) Increasing fiscal deficit. B) Fall in the price levels. C) Gulf crisis. D) Poor performances of public sector. Show Answer Correct Answer: B) Fall in the price levels. 20. Apa yang bukan merupakan faktor dari lingkungan umum? A) Persaingan pesaing. B) Faktor teknologi. C) Faktor politik dan hukum. D) Faktor ekonomi. Show Answer Correct Answer: A) Persaingan pesaing. 21. Which of the following is considered a leading global economy? A) Germany. B) China. C) United States. D) Brazil. Show Answer Correct Answer: C) United States. 22. How did William Wrigley Jr. attempt to make his product more attractive to buyers? A) Reducing the price of his product. B) Offering a free product with each sale. C) Donating a portion of each sale to charity. D) Testing his product to make it of better quality. Show Answer Correct Answer: B) Offering a free product with each sale. 23. 10) Identify the following in order:i. On account of increase in export duty made by the government, the foreign demand has gone down.ii. The government permitted cent percent foreign Direct Investment in some sectors of retailing. A) Political, Economic. B) Economic, Political. C) Economic, Economic. D) Political, Political. Show Answer Correct Answer: B) Economic, Political. 24. Can an organization with strong financial resources use them to invest in expanding into new markets? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 25. A company decides to implement a "triple bottom line" approach. This means they are focusing on: A) Profit only. B) Profit and market share. C) Profit, People and Planet. D) Profit, Product and Promotion. Show Answer Correct Answer: C) Profit, People and Planet. ← PreviousNext →Related QuizzesClass 12 Business Studies Chapter 3 Business Environment Quiz 1Class 12 Business Studies Chapter 3 Business Environment Quiz 2Class 12 Business Studies Chapter 3 Business Environment Quiz 3Class 12 Business Studies Chapter 3 Business Environment Quiz 4Class 12 Business Studies Chapter 3 Business Environment Quiz 5Class 12 Business Studies Chapter 3 Business Environment Quiz 6Class 12 Business Studies Chapter 3 Business Environment Quiz 7Class 12 Business Studies Chapter 3 Business Environment Quiz 8Class 12 Business Studies Chapter 3 Business Environment Quiz 9Class 12 Business Studies Chapter 3 Business Environment Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books