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Questions and Answers
What is the term for the surroundings in which a company operates, including factors such as economic, social, and legal conditions?
What is the term for the surroundings in which a company operates, including factors such as economic, social, and legal conditions?
- Corporate climate
- Business environment (correct)
- Operational environment
- Market ecosystem
Which of the following is NOT a part of the business environment?
Which of the following is NOT a part of the business environment?
- Internal management structure (correct)
- Competitor analysis
- Technological advancements
- Government regulations
What does the business environment comprise in addition to economic and legal factors?
What does the business environment comprise in addition to economic and legal factors?
- Internal policies
- Product development
- Social aspects (correct)
- Customer satisfaction
Which of the following is NOT typically considered a part of the business environment?
Which of the following is NOT typically considered a part of the business environment?
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What factors are included in the business environment?
What factors are included in the business environment?
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Why is it important for companies to understand the business environment?
Why is it important for companies to understand the business environment?
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