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5.03 test correction

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
The two main divisions of the trade industry are:   Wholesalers and retailers  
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Which affects the business environment because it provides the most options for customers?   global competition  
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Which situation would most likely indicate the need to adapt to changes in the business environment?   The supply of materials used in manufacturing a product has decreased.  
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Which factor has aided the most in creating a global business environment?   technology  
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Which is an example of an economics factor that affects the business environment?   business cycle  
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One reason why many small businesses develop an organizational design that requires a board of directors is because a board usually:   Provides experience that increases the business's credibility  
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Created by: E.brooks