Chapter 5- Environments And Sectors Of The Economy Flashcards
1
Q
What are the 8 business environments?
A
- Purchasing
- Production
- Human resources
- Administration
- Marketing
- Public relations
- Finance
- General management
2
Q
Porter’s Five Forces evaluates:
A
Market environment
3
Q
What do Porter’s Five Forces include?
A
- Level of rivalry
- Availability of substitute products
- Threat of new entrants to market
- Power of suppliers
- Power of buyers
4
Q
Give examples of NGOs
A
- Industry regulators
- CBOs
- Trade unions and employer organisations
5
Q
What is PESTLE used to evaluate?
A
- Political
- Physical
- Economic
- Social
- Technological
- Legislation
- Environmental
- Ethical
6
Q
What three levels of government involvement are there in the economy?
A
- Central government
- Provincial level
- Local authorities
