Chapter 1 Multiple choice questions

Chapter 1 Multiple choice questions

Quiz Content

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

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

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

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

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

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. What is a PLC?

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

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. 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:

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. A multinational corporation (MNC) is defined by:

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. In SWOT analysis the 'O' stands for:

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. The 'I' in BRIC stands for:

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