Question : Case Study 11:
LMN Enterprises is a multinational company operating in multiple countries. It is facing challenges due to changes in trade agreements and tariffs between countries.
Q:-What is the business environment factor affecting LMN Enterprises in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Political environment
Option 4: Social environment
Correct Answer: Political environment
Solution : The correct answer is (C) Political environment
The business environment factor affecting LMN Enterprises in this case is the political environment. The challenges the company is facing due to changes in trade agreements and tariffs between countries are directly related to political decisions and government policies. Political factors can have a significant impact on international trade and business operations.
Q:- How can understanding the political environment help LMN Enterprises in dealing with changes in trade agreements and tariffs?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By forming strategic alliances with foreign companies
Option 4: By reducing the workforce
Question : Case Study 5:
EFG Corp. is a multinational company operating in multiple countries. The company is facing challenges in adhering to different cultural practices and customs in each country of operation.
Q:- What is the business environment factor affecting EFG Corp. in this case?
Option 3: Government policies
Option 4: Cultural diversity
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