Business Environment Quiz

1. When a company taken over another one and clearly becomes the new owner, the action is called
7. ___ is the integration of world economy into a single market through removal of trade barriers between countries.
11. Economic Environment refers to all forces which have a ______________ impact on business.
12. In the PEST framework for environmental analysis, what does the letter E stands for
13. The process whereby activities or enterprises that were once performed or operated by the government & its employees now performed, managed or owned by private enterprises, is known as
14. __________ involves tracking environment trend, sequence of events (or) streams of activities
15. ____is the primary motive for a business enterprise.

2. what stresses the philosophy of individualism believing in private ownership.
3. ______identifies the early signals of possible environment changes.
4. FERA is foreign ______________ regulation act.
5. Under Socialism the tools of production are managed by ________
6. An increase in the general level of prices, as measured against some baseline of purchasing power is also known as
8. The protection against the new invention of a product or process for a defined period is
9. -------is an economic system where the means of production are owned and managed by the State
10. Social and cultural environment comes under ________________ environment.