BSM1501 Assignment 2 Semester 1 2024 (Solutions)

BSM1501 Assignment 2 Semester 1 2024 (Solutions) Question 2 Not yet answered Marked out of 1.00 Flag question Question text What is the primary objective of an enterprise? a. To make a profit b. To achieve market dominance c. To expand globally d. To achieve customer satisfaction Question 3 Not yet answered Marked out of 1.00 Flag question Question text Which variable of the macro-environment includes aspects such as inflation, interest rates, and economic growth rate? a. The technological environment b. The social environment c. The physical environment d. The economic environment Question 4 Not yet answered Marked out of 1.00 Flag question Question text What does the physical environment of the macro-environment refer to? a. The needs and preferences of consumers b. Legislation promulgated by the government c. New products and machinery d. Limited and expensive resources Question 5 Answer saved Marked out of 1.00 Flag question Question text Why is interaction with the business environment important for an enterprise? a. To achieve objectives and identify strengths and weaknesses. b. To analyse the micro-environment and macro-environment independently. c. To function in total isolation. d. To close down the enterprise. Clear my choice Question 6 Not yet answered Marked out of 1.00 Flag question Question text What is the main aim or motive of an enterprise? a. To provide services b. To make a profit c. To classify businesses into sectors d. To meet the needs of consumers Question 7 Not yet answered Marked out of 1.00 Flag question Question text What does the tertiary sector include? a. Enterprises that exploit natural resources. b. Enterprises that sell final products to consumers or provide services. c. Enterprises that use the same production processes. d. Enterprises involved in the operations function. Question 8 Not yet answered Marked out of 1.00 Flag question Question text Industry is often guilty of air, water and noise pollution resulting from manufacturing processes. This refers to the _______ environment. a. social b. international c. economic d. physical Question 9 Not yet answered Marked out of 1.00 Flag question Question text What is direct competition? a. Competition between enterprises selling the same products b. Competition between different trademarks c. Competition between different product forms d. Competition between mechanisms for satisfying needs Question 10 Not yet answered Marked out of 1.00 Flag question Question text The micro-environment represents the _______ and _______ of the enterprise. a) strengths b) weaknesses c) opportunities d) threats a. a; b b. a; c c. b; c d. c; d Question 11 Not yet answered Marked out of 1.00 Flag question Question text What does the social environment of the macro-environment refer to? a. The needs and preferences of consumers b. Legislation promulgated by the government c. Limited and expensive resources d. New products and machiner