Podcast
Questions and Answers
What is the main function of business environment according to the text?
What is the main function of business environment according to the text?
- Maximizing profits
- Investigating customer preferences
- Establishing global partnerships
- Identifying opportunities and threats (correct)
How does understanding the dimensions of business environment benefit a business?
How does understanding the dimensions of business environment benefit a business?
- By determining opportunities and threats (correct)
- By predicting future technologies
- By increasing customer satisfaction
- By reducing taxes
In what way does business environment assist in overcoming challenges?
In what way does business environment assist in overcoming challenges?
- By controlling market demand
- By providing financial support
- By identifying strengths and weaknesses (correct)
- By eliminating competitors
What does the interaction between business and its environment help in uncovering?
What does the interaction between business and its environment help in uncovering?
What does business environment help in identifying?
What does business environment help in identifying?
What does the term 'business environment' generally refer to?
What does the term 'business environment' generally refer to?
According to William F. Glueck, what does the business environment help strategists monitor?
According to William F. Glueck, what does the business environment help strategists monitor?
How do Bayard O. Wheeler and William F. Glueck define the business environment?
How do Bayard O. Wheeler and William F. Glueck define the business environment?
In what way do environment factors of constraints impact businesses?
In what way do environment factors of constraints impact businesses?
According to Barry M. Richman and Melvyan Copen, what do environment factors offer to firms?
According to Barry M. Richman and Melvyan Copen, what do environment factors offer to firms?
What makes up the business environment according to the text?
What makes up the business environment according to the text?
