CH 1: CHALLENGES OF THE BUSINESS ENVIRONMENTS

What is a key challenge posed by difficult employees in the micro environment?

How can businesses combat the challenge of unmotivated employees in the micro environment?

What can result from an unclear or outdated vision and mission in the micro environment?

How does lack of adequate management skills impact the micro environment?

What challenge can trade unions and industrial actions pose in the micro environment?

In the market environment, what can impact a business's market share?

How can businesses respond to the challenge of competition in the market environment?

What is a potential consequence of ineffective communication in the micro environment?

What is a key challenge in the macro environment that businesses must adapt to?

Which of the following is not a key challenge in the macro environment mentioned in the text?

What is a key strategy businesses can employ to overcome the challenges in their external environment?

How can changes in consumer behavior impact a business?

Which of the following is not mentioned as a key challenge in the macro environment?

How can businesses respond to changes in the political and legal landscape?

What is a key aspect of the macro environment that can impact businesses?

How can businesses adapt to environmental concerns in the macro environment?

What is a key strategy businesses can employ to navigate challenges in their external environment?

What is a key challenge in the micro environment that can reduce harmony and productivity in a business?

What is a key challenge that businesses face due to changes in consumer behavior?

What can be a consequence of a lack of motivation among employees in the micro environment?

How can changes in income levels within the macro environment impact businesses?

What challenge can globalization pose for businesses in the macro environment?

What issue in the micro environment can lead to confusion among employees, inefficient resource allocation, and potentially the failure of the business?

How can environmental concerns in the macro environment impact businesses?

What type of challenge in the micro environment can decrease productivity and morale, emphasizing the need for well-trained managers?

Which of the following is identified as a key challenge in the market environment that can impact a business's market share?

What is a key strategy businesses can employ to overcome challenges in their external environment?

How can trade unions and industrial actions (strikes, go-slows) present challenges in the micro environment?

What is a key challenge businesses may face due to socio-economic issues in the macro environment?

What is a key strategy businesses can employ to boost employee motivation in the micro environment?

What is a key challenge businesses may face due to changes in political and legal legislation in the macro environment?

How can a lack of adequate management skills impact the micro environment?

What is a key challenge that businesses may face due to a shortage of reliable suppliers in the micro environment?

How can demographics and psychographics in the market environment impact a business?

What is a key challenge in the market environment that businesses need to address to differentiate their offerings?

What is a key strategy businesses can employ to navigate challenges in their external environment?

What is a potential consequence of an unclear or outdated vision and mission in the micro environment?

What potential consequence can arise from a lack of motivation among employees in the micro environment?

How can an unclear or outdated vision and mission impact the micro environment?

What key challenge does competition pose in the market environment for businesses?

In the micro environment, what challenge can difficult employees present to businesses?

How can trade unions and industrial actions (strikes, go-slows) impact the micro environment?

What can be a consequence of ineffective communication in the micro environment?

What challenge does the lack of adequate management skills pose in the micro environment?

How can changes in income levels within the macro environment impact businesses?

What challenge do unmotivated employees pose in the micro environment for businesses?

How can changes in political and legal legislation in the macro environment challenge businesses?

How can businesses navigate the challenges in their external environment?

What is a potential consequence of businesses not adapting to globalisation?

How does a lack of reliable suppliers impact business operations?

What strategic approach is emphasized for businesses to manage external challenges effectively?

In what way can socio-economic issues impact businesses?

Why is understanding demographics and psychographics essential for businesses?

What is a key challenge businesses face due to changes in income levels?

What challenge can environmental concerns pose for businesses?

Why is continuous learning important for businesses?