Understanding Business Environment Concepts
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Questions and Answers

According to Keith Davis, how does the business environment influence individual enterprises?

  • By controlling the decision-making processes.
  • By exerting a significant impact on their functioning. (correct)
  • By providing financial resources to the businesses.
  • By determining the physical location of the business.
  • What do Baynts and Bayord O. Wheeler emphasize regarding the business environment?

  • The importance of advertising for businesses.
  • The legal obligations of businesses.
  • The influences that affect business operations. (correct)
  • The impact of technology on business growth.
  • What does the term business environment refer to?

  • The number of employees in a business organization.
  • The financial status of an individual enterprise.
  • The internal and external factors that impact a business. (correct)
  • The size of an individual business institution.
  • In the context of business environment, what are the three swords mentioned by Arthur M. Weimer?

    <p>Economic, political, and institutional swords.</p> Signup and view all the answers

    How would you define the business environment based on the text provided?

    <p>The combination of internal and external factors impacting a business.</p> Signup and view all the answers

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