Podcast
Questions and Answers
People who buy the goods or services provided by a business are called suppliers.
People who buy the goods or services provided by a business are called suppliers.
False (B)
Changes in social factors do not affect the way people live, working, or even the way they consume goods and services.
Changes in social factors do not affect the way people live, working, or even the way they consume goods and services.
False (B)
Currency rates, unemployment, and inflation are part of the political and legal environment.
Currency rates, unemployment, and inflation are part of the political and legal environment.
False (B)
Organizational culture are the customs, traditions, and beliefs which affect the business externally.
Organizational culture are the customs, traditions, and beliefs which affect the business externally.
Businesses that provide similar goods or services to the same customers as the given market are called competitors.
Businesses that provide similar goods or services to the same customers as the given market are called competitors.
An external environment is a set of elements that define the atmosphere within the company's structure.
An external environment is a set of elements that define the atmosphere within the company's structure.
External factors are the things that affect the business from the inside.
External factors are the things that affect the business from the inside.
Employees are a factor that influences business performance negatively only.
Employees are a factor that influences business performance negatively only.
The environment is also known as the Competitive Environment.
The environment is also known as the Competitive Environment.
People who buy the goods or services provided by a business are called suppliers.
People who buy the goods or services provided by a business are called suppliers.
Businesses that provide similar goods or services to the same customers as the given market are called competitors.
Businesses that provide similar goods or services to the same customers as the given market are called competitors.
Organizational culture are the customs, traditions, and beliefs which affect the business externally.
Organizational culture are the customs, traditions, and beliefs which affect the business externally.
Flashcards
Suppliers
Suppliers
Businesses or individuals that provide raw materials, components, or services to other businesses.
Social factors
Social factors
Aspects of society, such as demographics, culture, and lifestyles, that influence consumer behavior and business operations.
Economic factors
Economic factors
Variables that influence the economy, such as currency rates, inflation, and unemployment.
Organizational culture
Organizational culture
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Competitors
Competitors
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External environment
External environment
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External factors
External factors
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Employees
Employees
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Competitive environment
Competitive environment
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Customers
Customers
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