TERM 1 - Topic 1.2 - Challenges of the business environment

Question 1

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Lack of vision from management

Answer 1

Micro

Question 2

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Difficult employees

Answer 2

Micro

Question 3

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Lack of adequate management skills

Answer 3

Micro

Question 4

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Trade unions organising strikes and go slows

Answer 4

Micro

Question 5

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Skills training not kept up to date

Answer 5

Micro

Question 6

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Boredom due to repetitive work duties

Answer 6

Micro

Question 7

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Competition pushing prices down

Answer 7

Market

Question 8

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Suppliers unable to provide goods

Answer 8

Market

Question 9

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Changes in consumer behaviour

Answer 9

Market

Question 10

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Changes in demographics (People’s wants and needs)

Answer 10

Market

Question 11

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Changes in socio-cultural factors (trends and fashion)

Answer 11

Market

Question 12

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Changes in regulations

Answer 12

Market

Question 13

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Changes in income levels

Answer 13

Macro

Question 14

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Political changes and unrest

Answer 14

Macro

Question 15

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Updates in legislation

Answer 15

Macro

Question 16

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Industry labour restrictions

Answer 16

Macro

Question 17

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Global challenges making it easier to get your
imported goods elsewhere

Answer 17

Macro

Question 18

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Changes in social values (lifestyle and leisure activities)

Answer 18

Macro

Question 19

Each environment has its own set of CHALLENGES.

In which environment does the following challenge belong:

~ Socio-economic issues like increased poverty, unemployment and crime

Answer 19

Macro