| What to create | Quiz |
| Which subject | Business |
| What age group | Year or Grade 11 |
| What topic | Operating factors |
| Question types | Open-ended |
| Number of questions | 5 |
| Number of answers | 4 |
| Correct answers | Exactly 1 |
| Show correct answers | |
| Use images (descriptions) | |
| Any other preferences |
Answer the following questions related to operating factors in business. Each question requires a detailed response, and you should provide at least four points for each question where applicable.
What are the key operating factors that influence the productivity of a business?
Provide a detailed explanation including aspects such as technology, human resources, operational processes, and external factors.
How do economic conditions impact the operating factors of a business?
Discuss factors such as inflation, unemployment rates, consumer spending, and interest rates that affect business operations.
In what ways does technology serve as an operating factor for businesses in today's environment?
Address how advancements in technology can affect efficiency, communication, data management, and customer engagement.
What role do suppliers and supply chain management play in the operational efficiency of a business?
Highlight the importance of supplier relationships, inventory management, logistics, and supply chain disruptions.
Explain the significance of compliance with legal regulations as an operating factor for businesses.
Discuss areas such as workplace safety, environmental laws, employment regulations, and consumer protection laws that affect business operations.
Make sure to provide comprehensive answers, integrating relevant examples and concepts from your course material to support your responses.