Fundamentals of the Global Business Environment Quiz

An organization that provides goods and services to earn a profit.

1. Producing most of the goods and services we use. 2) Employing most working people. 3) Innovating. 4) Providing opportunities for new businesses. 5) Improving the quality of life and living standards. 6) Helping the government by paying tax. 7) Supporting charities.

Internal environment refers to the corporate culture within a business, while the external environment includes everything that affects the business from the outside.

<p>The domestic environment is where the firm does its operations and receives revenue. It is important for the business to be close to its consumers and have a good relationship with them, as well as being better than its competitors.</p> Signup and view all the answers

<p>The global environment refers to the international forces that can affect a business, such as international trade.</p> Signup and view all the answers