Learning Management System

Subject Name

FIA0314 INTRODUCTION TO BUSINESS

Week

Topic

Business Environment

Name : .... Lecturer : .................................

Intake : ......... Date

: .........

1) Define business environment.

( 2 marks)

2) Identify and compare the four forms of competition in business.

(4 marks)

3) Define gross domestic product.

(2 marks)

4) What are the four steps in a typical business cycle? Briefly describe each
of these steps.
(4 marks)

Last update: 3 May 2015

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Learning Management System

5) Give four (4) advantages and disadvantages of PEST Analysis

Last update: 3 May 2015

(4 marks)

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