9. What is the term for the process of identifying and satisfying customer needs profitably? a) Economics b) Finance c) Marketing d) Production 10. In a partnership.what is the primary advantage of having multiple owners? a) Limited liability b) Tax advantages c) Easier decision-making d) Stronger legal protection 11. What does the term"business environment" refer to? a) The physical location of a business b) The economic, social.and regulatory conditions that affect a business c) The company's internal organizational structure d) The marketing strategies employed by a business 12. Which of the following is NOT considered a component of the external business environment? a) Competitors b) Customers c) Employees d) Government regulations 13. What does PESTEL analysis examine in the business environment? a) The impact of government policies b) The organization's internal structure c) The marketing strategies of competitors d) The financial performance of the company 14. Which factor in a SWOT analysis represents the positive aspects of a company's internal environment? a) Strengths b) Weaknesses c) Opportunities d) Threats 15. In the context of international business, what does the term "Cultural Environment" encompass? a) Laws and regulations governing trade b) Economic conditions of a foreign market c) The cultural values.beliefs, and practices of a foreign country d) Environmental sustainability practices 16. Which type of business environment factor refers to the availability of skilled labor, the quality of infrastructure, and technological advancements? a) Economic factors b) Social factors c) Technological factors d) Political factors