Legal, political, economic, social, cultural, technological environments - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 2003

The market structure, business conditions and financial system in Nigeria constitute the?

A. Economic enironment
B. Political environment
C. Cultural environment
D. Technological environment

Question 7:

• JAMB 2004

Business environment refers to all elements that are?

A. Outside an organization but relevant to its operations
B. Inside an organization but irrelevant to its operations
C. Internal to an organization and relevant to its operations
D. External to an organization but indirectly related to its operations

Question 8:

• JAMB 2007

The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?

A. Demographic evironment
B. Economic evironment
C. Cultural environment
D. Natural environment

Question 9:

• JAMB 2007

The macro-environment forces and trends which are a constraint on business operations are referred to as?

A. Technological factors
B. Economic factors
C. External factors
D. Internal factors

Question 10:

• JAMB 2008

A factor in a business environment which increases the rate of product obsolescence is?

A. Technology
B. Political
C. Legal
D. Economic