Business Environment – NBC Institute

CSME – Nov 2016 – L2 – Q1 – Environmental Analysis

Analyze Pallat Manufacturing's macro-environment using the PESTEL model, discuss limitations, and explain risk audit stages.

Question

Pallat Manufacturing Company Limited was incorporated in Nigeria in 2004 and has made significant progress since its inception. The company manufactures cosmetics which it distributes throughout the country. However, the company is currently experiencing problems arising from major changes in its business environment. To deal with these challenges, the company set up a team of managers drawn from various departments. The team was required to evaluate the company’s current strategies in light of the challenges occurring in its environment.

a. With the aid of the PESTEL model, write a brief to be presented at the next scheduled meeting of the team, highlighting the significant factors in the macro-environment of the firm. (18 Marks)

b. Discuss TWO limitations of using the PESTEL analysis. (7 Marks)

c. As an Accountant, determine the FOUR stages involved in risk audit. (5 Marks)

Answer

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Tags: Business Environment, PESTEL, Risk Audit, Risk Management, Strategic Planning
Level: Level 2

Topic: Environment analysis
Series: NOV 2016

BMF – Nov 2014 – L1 – SA – Q17 – The Business Environment

Identify the term used to describe the business environment outside a company's country of incorporation.

Question

The environment of a business operating outside its own country of incorporation is called:

A. International
B. Multilateral
C. Cultural
D. Multinational
E. National

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Country of Incorporation, International business
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

BMF – Nov 2014 – L1 – SA – Q8 – The Business Environment

Identifies what PEST analysis assesses in business.

Question

Political, Economic, Social and Technological (PEST) analysis is used to assess:

A. Staff of the organisation
B. Business environment
C. Board of Directors
D. Shareholders
E. Corporate Affairs Commission

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic, PEST Analysis, Political, Social, Technological
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

BMF – May 2015 – L1 – SB – Q2 – The Business Environment

Discuss four external environmental factors that impact business operations.

Question

Businesses do not operate in a vacuum. There is a combination of internal and external factors that affect how businesses function.
State and explain any FOUR external environmental factors that affect a business.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic, External Environment, Political, Social, Technological
Level: Level 1

Topic: The Business Environment
Series: MAY 2015

BMF – MAY 2015 – L1 – SA – Q12 – The Business Environment

Identifying the most appropriate term for individuals or groups interested in an organization.

Question

The most appropriate terminology that describes those who have interest in an organisation is:

A. Customers
B. Shareholders
C. Stakeholders
D. Management
E. Owners

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Business interests, Corporate Governance, Stakeholders
Level: Level 1

Topic: The Business Environment
Series: MAY 2015

BF – Nov 2015 – L1 – SB – Q3 – The Business Environment

Discussing the impact of the business environment and key marketing concepts.

Question

The business environment can have a fundamental impact on the degree to which a firm is able to develop and maintain successful transactions with its customers and consequently on its profitability and sustainability of its operations.

Explain briefly the following:
i. Product life cycle (5 Marks)
ii. PEST Analysis (4 Marks)
iii. SWOT Analysis (4 Marks)

b. State and explain the 7P’s of marketing. (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: 7P's, Business Environment, Marketing
Level: Level 1

Topic: The Business Environment
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q5 – The Business Environment

dentifying what is not a characteristic of the business environment.

Question

Which of the following options is NOT a characteristic of the business environment?
A. Complexity
B. Dynamism
C. Multi-facets
D. Far-reaching impact
E. Predictability

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Characteristics, Predictability

Topic: The Business Environment
Series: NOV 2015

SCS – Apr 2022 – L3 – Q2 – Environment analysis

Discuss HPC’s external business environment using PESTEL and evaluate limitations of PESTEL.

Question

favourable or unfavourable to its present survival and future success. The influences (current influences and possible future influences) of the business environment of HPC need to be analysed to ensure that none are over-looked.

Required:

a) Using PESTEL analysis, discuss HPC’s external business environment that appears to be either favourable or unfavourable to its present survival and future success. (8 marks)

b) Discuss TWO (2) limitations of PESTEL as a technique in analysing the environmental influences of HPC. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, External factors, PESTEL Analysis, Strategy Analysis
Level: Level 3

Topic: Environment analysis
Series: APR 2022

BL – Nov 2022 – L1 – SB – Q6d – Introduction to Law

Identifying ways by which electronic fraud could be committed in a business environment.

Question

Electronic fraud is an offence under the Criminal Code.

Required:
Identify four ways by which electronic fraud could be committed in a business environment.

Answer

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Tags: Business Environment, Criminal Law, Electronic Fraud
Level: Level 1

Topic: Introduction to Law
Series: NOV 2022

BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

Question

State THREE reasons why government develop economic policy.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic Policy, Government Policy
Level: Level 1

Topic: The Business Environment
Series: MAY 2022

CSME – Nov 2016 – L2 – Q1 – Environmental Analysis

Analyze Pallat Manufacturing's macro-environment using the PESTEL model, discuss limitations, and explain risk audit stages.

Question

a. With the aid of the PESTEL model, write a brief to be presented at the next scheduled meeting of the team, highlighting the significant factors in the macro-environment of the firm. (18 Marks)

b. Discuss TWO limitations of using the PESTEL analysis. (7 Marks)

c. As an Accountant, determine the FOUR stages involved in risk audit. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, PESTEL, Risk Audit, Risk Management, Strategic Planning
Level: Level 2

Topic: Environment analysis
Series: NOV 2016

BMF – Nov 2014 – L1 – SA – Q17 – The Business Environment

Identify the term used to describe the business environment outside a company's country of incorporation.

Question

The environment of a business operating outside its own country of incorporation is called:

A. International
B. Multilateral
C. Cultural
D. Multinational
E. National

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Country of Incorporation, International business
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

BMF – Nov 2014 – L1 – SA – Q8 – The Business Environment

Identifies what PEST analysis assesses in business.

Question

Political, Economic, Social and Technological (PEST) analysis is used to assess:

A. Staff of the organisation
B. Business environment
C. Board of Directors
D. Shareholders
E. Corporate Affairs Commission

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic, PEST Analysis, Political, Social, Technological
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

BMF – May 2015 – L1 – SB – Q2 – The Business Environment

Discuss four external environmental factors that impact business operations.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic, External Environment, Political, Social, Technological
Level: Level 1

Topic: The Business Environment
Series: MAY 2015

BMF – MAY 2015 – L1 – SA – Q12 – The Business Environment

Identifying the most appropriate term for individuals or groups interested in an organization.

Question

The most appropriate terminology that describes those who have interest in an organisation is:

A. Customers
B. Shareholders
C. Stakeholders
D. Management
E. Owners

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Business interests, Corporate Governance, Stakeholders
Level: Level 1

Topic: The Business Environment
Series: MAY 2015

BF – Nov 2015 – L1 – SB – Q3 – The Business Environment

Discussing the impact of the business environment and key marketing concepts.

Question

Explain briefly the following:
i. Product life cycle (5 Marks)
ii. PEST Analysis (4 Marks)
iii. SWOT Analysis (4 Marks)

b. State and explain the 7P’s of marketing. (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: 7P's, Business Environment, Marketing
Level: Level 1

Topic: The Business Environment
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q5 – The Business Environment

dentifying what is not a characteristic of the business environment.

Question

Which of the following options is NOT a characteristic of the business environment?
A. Complexity
B. Dynamism
C. Multi-facets
D. Far-reaching impact
E. Predictability

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Characteristics, Predictability

Topic: The Business Environment
Series: NOV 2015

SCS – Apr 2022 – L3 – Q2 – Environment analysis

Discuss HPC’s external business environment using PESTEL and evaluate limitations of PESTEL.

Question

Required:

a) Using PESTEL analysis, discuss HPC’s external business environment that appears to be either favourable or unfavourable to its present survival and future success. (8 marks)

b) Discuss TWO (2) limitations of PESTEL as a technique in analysing the environmental influences of HPC. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, External factors, PESTEL Analysis, Strategy Analysis
Level: Level 3

Topic: Environment analysis
Series: APR 2022

BL – Nov 2022 – L1 – SB – Q6d – Introduction to Law

Identifying ways by which electronic fraud could be committed in a business environment.

Question

Electronic fraud is an offence under the Criminal Code.

Required:
Identify four ways by which electronic fraud could be committed in a business environment.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Criminal Law, Electronic Fraud
Level: Level 1

Topic: Introduction to Law
Series: NOV 2022

BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

Question

State THREE reasons why government develop economic policy.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic Policy, Government Policy
Level: Level 1

Topic: The Business Environment
Series: MAY 2022

Question Tag: Business Environment

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CSME – Nov 2016 – L2 – Q1 – Environmental Analysis

Analyze Pallat Manufacturing's macro-environment using the PESTEL model, discuss limitations, and explain risk audit stages.

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BMF – Nov 2014 – L1 – SA – Q17 – The Business Environment

Identify the term used to describe the business environment outside a company's country of incorporation.

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BMF – Nov 2014 – L1 – SA – Q8 – The Business Environment

Identifies what PEST analysis assesses in business.

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BMF – May 2015 – L1 – SB – Q2 – The Business Environment

Discuss four external environmental factors that impact business operations.

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BMF – MAY 2015 – L1 – SA – Q12 – The Business Environment

Identifying the most appropriate term for individuals or groups interested in an organization.

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BF – Nov 2015 – L1 – SB – Q3 – The Business Environment

Discussing the impact of the business environment and key marketing concepts.

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BF – Nov 2015 – L1 – SA – Q5 – The Business Environment

dentifying what is not a characteristic of the business environment.

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SCS – Apr 2022 – L3 – Q2 – Environment analysis

Discuss HPC’s external business environment using PESTEL and evaluate limitations of PESTEL.

You're reporting an error for "SCS – Apr 2022 – L3 – Q2 – Environment analysis"

BL – Nov 2022 – L1 – SB – Q6d – Introduction to Law

Identifying ways by which electronic fraud could be committed in a business environment.

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BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

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CSME – Nov 2016 – L2 – Q1 – Environmental Analysis

Analyze Pallat Manufacturing's macro-environment using the PESTEL model, discuss limitations, and explain risk audit stages.

You're reporting an error for "CSME – Nov 2016 – L2 – Q1 – Environmental Analysis"

BMF – Nov 2014 – L1 – SA – Q17 – The Business Environment

Identify the term used to describe the business environment outside a company's country of incorporation.

You're reporting an error for "BMF – Nov 2014 – L1 – SA – Q17 – The Business Environment"

BMF – Nov 2014 – L1 – SA – Q8 – The Business Environment

Identifies what PEST analysis assesses in business.

You're reporting an error for "BMF – Nov 2014 – L1 – SA – Q8 – The Business Environment"

BMF – May 2015 – L1 – SB – Q2 – The Business Environment

Discuss four external environmental factors that impact business operations.

You're reporting an error for "BMF – May 2015 – L1 – SB – Q2 – The Business Environment"

BMF – MAY 2015 – L1 – SA – Q12 – The Business Environment

Identifying the most appropriate term for individuals or groups interested in an organization.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q12 – The Business Environment"

BF – Nov 2015 – L1 – SB – Q3 – The Business Environment

Discussing the impact of the business environment and key marketing concepts.

You're reporting an error for "BF – Nov 2015 – L1 – SB – Q3 – The Business Environment"

BF – Nov 2015 – L1 – SA – Q5 – The Business Environment

dentifying what is not a characteristic of the business environment.

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q5 – The Business Environment"

SCS – Apr 2022 – L3 – Q2 – Environment analysis

Discuss HPC’s external business environment using PESTEL and evaluate limitations of PESTEL.

You're reporting an error for "SCS – Apr 2022 – L3 – Q2 – Environment analysis"

BL – Nov 2022 – L1 – SB – Q6d – Introduction to Law

Identifying ways by which electronic fraud could be committed in a business environment.

You're reporting an error for "BL – Nov 2022 – L1 – SB – Q6d – Introduction to Law"

BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

You're reporting an error for "BMF – May 2022 – L1 – SB – Q3c – The Business Environment"

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