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12th Standard Commerce Environmental Factors English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. VUCA stands for ________, _________, ________.

    (a)

    Volatility, Uncertainty, Complexity and Ambiguity

    (b)

    Volatility, Uncertainty, Complexity and Ambiguity

    (c)

    Vision, Uncertainty, Corporate Governance and Ambiguity

    (d)

    Volatility, Uncertainty, Consumer and Ambiguity

  2. The two major types of business environment are ________ and ________.

    (a)

    Internal, External

    (b)

    Micro, Macro

    (c)

    Supplier, Competitors

    (d)

    Financial, Public

  3. The size and composition of the population is part of _________ environment.

    (a)

    Global

    (b)

    Technological

    (c)

    Socio-Cultural

    (d)

    Geo-physical

  4. A business is an integral part of the

    (a)

    social system

    (b)

    economic system

    (c)

    psychological system

    (d)

    none of these

  5. Internal environment factors can be changed or altered are known as

    (a)

    external factors

    (b)

    controllable factors

    (c)

    uncontrollable factors

    (d)

    none of these

  6. Organisations have realised the importance of nurturing and maintaining good relationship with the

    (a)

    competitors

    (b)

    financier

    (c)

    customers

    (d)

    suppliers

  7. Customer relationship management aims at creating and sustaining cordial relations with

    (a)

    suppliers

    (b)

    customers

    (c)

    financiers

    (d)

    competitors

  8. ______ helps the firms to identify threats which may affect the business.

    (a)

    Public image

    (b)

    Environment scanning

    (c)

    Business aids

    (d)

    All of these

  9. In any organisation the______ of raw materials and other inputs play a very vital role.

    (a)

    customers

    (b)

    Financiers

    (c)

    suppliers

    (d)

    channel members

  10. ________ economy is a free enterprise market where individual ownership of wealth is predominant.

    (a)

    Capitalistic

    (b)

    Socialistic

    (c)

    Mixed

    (d)

    None of these

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