Types of Business Environments
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Questions and Answers

What type of industries are directly involved in the extraction of natural resources from the environment?

  • Secondary industries
  • Tertiary industries
  • Quaternary industries
  • Primary industries (correct)
  • How do external factors in the business environment affect organizations?

  • By providing complete control to the organization
  • By having no impact on industry competitiveness
  • By posing opportunities and threats beyond organizational control (correct)
  • By limiting managerial expectations and industry demands
  • According to Zyphur (2005), what impact does the internal environment have on organization members' behavior?

  • Negligible impact
  • No impact at all
  • Significant influence (correct)
  • Limited influence
  • How can a well-designed internal environment impact a company's productivity?

    <p>Streamline processes and improve efficiency</p> Signup and view all the answers

    What action can managers take to address shrinking markets due to external impacts like new competitors?

    <p>Exploit new monetization strategies and invest in digital marketing</p> Signup and view all the answers

    What is the definition of Business environment according to Kotler?

    <p>The internal and external factors that affect a business</p> Signup and view all the answers

    How does Michael A. Hitt define the internal business environment?

    <p>The immediate environment in which a business operates</p> Signup and view all the answers

    According to Grant, what components make up the internal environment of an organization?

    <p>Organizational culture, structure, and processes</p> Signup and view all the answers

    Which aspect of an organization's internal environment does Grant emphasize as dynamic?

    <p>Organizational culture</p> Signup and view all the answers

    What does the external environment of an organization consist of?

    <p>Relevant forces outside that influence organizational activities</p> Signup and view all the answers

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