Podcast
Questions and Answers
What does the external business environment consist of?
What does the external business environment consist of?
- The day-to-day decision making process
- The global economic systems
- Internal factors affecting the business
- Organizations, factors, and forces (correct)
What can business owners and managers control in their internal business environment?
What can business owners and managers control in their internal business environment?
- Global economic systems
- External environmental conditions
- Competitive strategies of other businesses
- Supplies to purchase and employees to hire (correct)
What must business leaders do to compete successfully in the open market?
What must business leaders do to compete successfully in the open market?
- Control the external forces like natural disasters
- Ignore environmental changes
- Limit the degree of control over their internal business environment
- Analyze the environment and adapt to its changes (correct)
What do external forces such as natural disasters and pandemics have on commerce?
What do external forces such as natural disasters and pandemics have on commerce?
What is the role of the global economic systems in affecting businesses?
What is the role of the global economic systems in affecting businesses?
What event critically wounded the environment, businesses, tourism, and people’s livelihood in 2010?
What event critically wounded the environment, businesses, tourism, and people’s livelihood in 2010?
Which company handled the Gulf Coast Deepwater Horizon disaster and spent upwards of $60 billion in cleanup?
Which company handled the Gulf Coast Deepwater Horizon disaster and spent upwards of $60 billion in cleanup?
What is a critical factor for leaders to consider in daily operations, according to the text?
What is a critical factor for leaders to consider in daily operations, according to the text?
Which organizations have spent upwards of $50 million on lobbying activities in Washington, D.C. to help policy makers understand the importance of digital innovation and an “open” internet?
Which organizations have spent upwards of $50 million on lobbying activities in Washington, D.C. to help policy makers understand the importance of digital innovation and an “open” internet?
What is one of the environmental influences mentioned in the text?
What is one of the environmental influences mentioned in the text?
