Chapter 4 The Enviroments Of Buisness

Question 1

General environment

Answer 1

The broadest category of issues in the apartment which managers must pay attention to. Please include the economy, technology, the legal political environment, and the social cultural environment

Question 2

Economic environment

Answer 2

One of the most obvious impact performance is the economic environment. Trends affect the cost of capital one interest rates for firms to borrow, attentionally increasing costs

Question 3

Technology

Answer 3

Jean is in important member of the environment you can make a previous product obsolete. Large role in creating new businesses or shutting down older ones

Question 4

Legal political environment

Answer 4

Lawns and political goals for multiple different nations and governmental bodies can drastically affect the business

Question 5

Sociocultural environment

Answer 5

The values society and culture have a great swim impact way in a company carries out and prioritized goals.

Question 6

Stakeholder

Answer 6

Cultures are individuals with a specific interest in the wall being of an organization and the organization is in return influenced by stakeholders

Question 7

Immediate environment

Answer 7

Have a specific direct impact on the business

Question 8

Customer

Answer 8

Are one of the most important stakeholders for immediate environment aspects of the business. Changing customer needs for the satisfaction of the product can lead to loss of sales

Question 9

Competitor

Answer 9

Can introduce new products or services at eats into your marketshare

Question 10

Suppliers

Answer 10

Suppliers provide the material and informational input at a company needs

Question 11

Human capital

Answer 11

These are the human skills and capabilities in the environment without a firm needs to operate it’s business

Question 12

Community

Answer 12

Relationship and goodwill that a company and its employees have a community where they reside

Question 13

The adaption response to environmental forces

Answer 13

This strategy represents adjustment based on environmental forces

Question 14

Boundary spanning rolls

Answer 14

Boundaries spanners spend a portion of their time looking out into the environment. They are expected to read businesses are industry publications and go to professional meetings

Question 15

Flexible and adaptive structures

Answer 15

Structures are very flexible organic which can readily adapt to changing conditions in the environment

Question 16

Joint Ventures or partnerships

Answer 16

These involve cooperative agreements between firms.

Question 17

Influencing strategies

Answer 17

The strategies related individual roles and apartments i’m companies pay a fee to someone who is with legislators and regulators to enforce the nature of laws and regulations and guidelines

Question 18

Public relations

Answer 18

Please release information to the public, often coordinated through media campaign, the influence public opinion on particular issue

Question 19

Corporate culture

Answer 19

This is defined as the set of values and believes share by numbers about how work should be done and what is important