Chapter 1 Multiple choice questions

Chapter 1 Multiple choice questions

. In the PEST framework for environmental analysis what does the letter E stand for?

. Analysing processes of change in the business environment involves conceptualizing it as:

. The performance of business in the private sector is conventionally measured in terms of:

. What key word can be used to describe the basic economic problem that all societies face?

. In which year was the National Minimum Wage (NMW) introduced in the UK?

. What is a PLC?

. What does the term 'third sector' refer to?

. The idea that consumers are in charge of the economic system because their preferences drive business decisions about what to produce is referred to as:

. A multinational corporation (MNC) is defined by:

. In SWOT analysis the 'O' stands for:

. The 'I' in BRIC stands for:

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