Podcast
Questions and Answers
MNCs conduct only marketing activities in other countries.
MNCs conduct only marketing activities in other countries.
False
The skill level of the workforce is not a variable in international societal environments.
The skill level of the workforce is not a variable in international societal environments.
False
The World Trade Organization (WTO) is not a regional economic association.
The World Trade Organization (WTO) is not a regional economic association.
True
Terrorist activity is not considered a variable in international societal environments.
Terrorist activity is not considered a variable in international societal environments.
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Global warming laws are not related to the ecological variable in international societal environments.
Global warming laws are not related to the ecological variable in international societal environments.
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The growth rate of population is considered a variable in the societal environment.
The growth rate of population is considered a variable in the societal environment.
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The level of education is not a variable in the societal environment.
The level of education is not a variable in the societal environment.
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Productivity improvements through automation are not considered a variable in the technological environment.
Productivity improvements through automation are not considered a variable in the technological environment.
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Global climate change impacts are not a variable in the ecological environment.
Global climate change impacts are not a variable in the ecological environment.
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Outsourcing regulation is not a variable in the political-legal environment.
Outsourcing regulation is not a variable in the political-legal environment.
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The task environment refers to elements or groups that indirectly influence a corporation's operations.
The task environment refers to elements or groups that indirectly influence a corporation's operations.
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Industry analysis involves an in-depth examination of factors within a corporation's societal environment.
Industry analysis involves an in-depth examination of factors within a corporation's societal environment.
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The exploitation of natural resources has not resulted in any externalities or side effects.
The exploitation of natural resources has not resulted in any externalities or side effects.
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A firm's carbon footprint is a measure of its commitment to sustainability and responsible resource use.
A firm's carbon footprint is a measure of its commitment to sustainability and responsible resource use.
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STEEP analysis involves monitoring trends in the societal environment, excluding the natural environment.
STEEP analysis involves monitoring trends in the societal environment, excluding the natural environment.
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Environmental uncertainty is not affected by the degree of complexity and change in an organization's external environment.
Environmental uncertainty is not affected by the degree of complexity and change in an organization's external environment.
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Environmental analysis involves the monitoring, evaluation, and dissemination of information irrelevant to organizational strategy development.
Environmental analysis involves the monitoring, evaluation, and dissemination of information irrelevant to organizational strategy development.
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The natural environment includes physical resources, wildlife, and climate, forming an ecological system of unrelated life.
The natural environment includes physical resources, wildlife, and climate, forming an ecological system of unrelated life.
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Societal environment consists of general forces that directly influence the short-run activities of the organization.
Societal environment consists of general forces that directly influence the short-run activities of the organization.
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Economic, technological, political-legal, and sociocultural factors are not considered variables in the societal environment.
Economic, technological, political-legal, and sociocultural factors are not considered variables in the societal environment.
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Industry maturity has no impact on industry competitive forces.
Industry maturity has no impact on industry competitive forces.
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Global warming laws are unrelated to the ecological variable in international societal environments.
Global warming laws are unrelated to the ecological variable in international societal environments.
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MNCs engage solely in marketing activities in other countries.
MNCs engage solely in marketing activities in other countries.
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The World Trade Organization (WTO) is a regional economic association.
The World Trade Organization (WTO) is a regional economic association.
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Terrorist activity is not a variable in international societal environments.
Terrorist activity is not a variable in international societal environments.
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The Silent Generation and Greatest Generation combined account for less than 10% of the total adult population in the U.S. according to the given data.
The Silent Generation and Greatest Generation combined account for less than 10% of the total adult population in the U.S. according to the given data.
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The term 'STEEP Analysis' refers to an analysis of the Societal, Technological, Environmental, Economic, and Political factors affecting a business.
The term 'STEEP Analysis' refers to an analysis of the Societal, Technological, Environmental, Economic, and Political factors affecting a business.
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According to the data, the Millennial generation is the largest generation in the U.S. adult population.
According to the data, the Millennial generation is the largest generation in the U.S. adult population.
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The categories of risk listed in the text include Climate Change, Regulatory, Supply Chain, Product and Technology, Litigation, Reputational, and Physical.
The categories of risk listed in the text include Climate Change, Regulatory, Supply Chain, Product and Technology, Litigation, Reputational, and Physical.
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$\frac{1}{3}$ of the current sociocultural trends listed in the text relate to environmental or health-related issues.
$\frac{1}{3}$ of the current sociocultural trends listed in the text relate to environmental or health-related issues.
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The threat of new entrants into an industry is determined solely by the availability of capital resources.
The threat of new entrants into an industry is determined solely by the availability of capital resources.
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In a highly competitive industry, a move by one firm is unlikely to elicit a response from its rivals.
In a highly competitive industry, a move by one firm is unlikely to elicit a response from its rivals.
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The intensity of rivalry among existing firms in an industry is influenced by the number of competitors and the rate of industry growth.
The intensity of rivalry among existing firms in an industry is influenced by the number of competitors and the rate of industry growth.
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The external environment that firms operate in can be analyzed solely through the lens of industry competition.
The external environment that firms operate in can be analyzed solely through the lens of industry competition.
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Government policies and regulations are considered barriers to entry for new firms in an industry.
Government policies and regulations are considered barriers to entry for new firms in an industry.
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The height of exit barriers is a factor that influences the intensity of rivalry among existing firms in an industry.
The height of exit barriers is a factor that influences the intensity of rivalry among existing firms in an industry.
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Product differentiation is a barrier to entry that new firms must overcome when trying to enter an industry.
Product differentiation is a barrier to entry that new firms must overcome when trying to enter an industry.
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Economies of scale enjoyed by existing firms have no impact on the threat of new entrants into an industry.
Economies of scale enjoyed by existing firms have no impact on the threat of new entrants into an industry.
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The diversity of rivals within an industry has no bearing on the intensity of rivalry among existing firms.
The diversity of rivals within an industry has no bearing on the intensity of rivalry among existing firms.
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Access to distribution channels is a consideration for new firms trying to enter an industry.
Access to distribution channels is a consideration for new firms trying to enter an industry.
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