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BBA International Business Business Studies — practice by topic

Browse 66 questions across 7 Business Studies topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Business Studies topics

Business Studies (60)Management Basics (60)Business Economics (30)Business Environment (30)International Business (30)Strategic Management (30)Competing in the Global Marketplace (6)

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Business environment means the sum total of all individuals, institutions and forces that are:Read the answer and worked solution →Take the universe, subtract the organisation, and the remainder is the:Read the answer and worked solution →Because business environment is the sum of everything external to a firm, it is called a:Read the answer and worked solution →Investors, customers, competitors and suppliers, who affect a firm directly, are:Read the answer and worked solution →

Worked practice questions

Business environment means the sum total of all individuals, institutions and forces that are:

  1. Outside the firm's control
  2. Inside the firm's factory
  3. Owned by the firm alone
  4. Hired by the firm alone
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Correct answer: A. Outside the firm's control

1. They lie beyond the enterprise. 2. Yet they affect its performance. 3. So they are outside its control. _Source: syllabus Business Studies Part I, Chapter 3, Business Environment._

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Take the universe, subtract the organisation, and the remainder is the:

  1. Achievement
  2. Environment
  3. Investment
  4. Requirement
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Correct answer: B. Environment

1. This is a writer's way of putting it. 2. Everything outside the firm counts. 3. That remainder is the environment. _Source: syllabus Business Studies Part I, Chapter 3, Business Environment._

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Because business environment is the sum of everything external to a firm, it is called a:

  1. Totality of external forces
  2. Subset of internal rules
  3. Product of the factory
  4. Branch of the company
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Correct answer: A. Totality of external forces

1. It is aggregative in nature. 2. Nothing external is excluded. 3. So it is the totality of external forces. _Source: syllabus Business Studies Part I, Chapter 3, Business Environment._

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