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Questions and Answers
What are the two main components of the business environment?
What are the two main components of the business environment?
- Economic environment and social environment
- Internal environment and external environment (correct)
- Digital environment and physical environment
- Local environment and global environment
Why is understanding the business environment important for enterprises?
Why is understanding the business environment important for enterprises?
- To thrive and succeed in the fast-paced digital era (correct)
- To ignore external influences
- To focus solely on internal factors
- To minimize competition from other enterprises
What does the business environment impact?
What does the business environment impact?
- Only the financial aspects of a company
- Only the marketing strategies of a company
- Operations, strategies, and overall trajectory of a company (correct)
- The personal lives of employees
What will be achieved by the end of the comprehensive chapter on the business environment?
What will be achieved by the end of the comprehensive chapter on the business environment?
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What does the internal environment of a company encompass?
What does the internal environment of a company encompass?
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