Understanding the Environment of Business
3 important questions on Understanding the Environment of Business
Name the 7 dimensions of the external environment
1) Economic environment
2) technological environment
3) social cultural environment
4) business environment
5) emerging challenges and opportunities
6) global environment
7) political-legal environment
2) technological environment
3) social cultural environment
4) business environment
5) emerging challenges and opportunities
6) global environment
7) political-legal environment
What reflects the relationship between business and government, usually in the form of government regulation of business?
The political-legal environment
What environment includes the customers, values, attitudes, and demographic characteristics of the society in which an organization functions?
The socio-cultural environment
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Topics that are related to Understanding the Environment of Business
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Understanding the Environment of Business - Explain the importance of the economic environment to business and identify the factors used to evaluate the performance of an economic system
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Understanding the Environment of Business - Describe the technological environment and its role in business
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Understanding the Environment of Business - Identify emerging challenges and opportunities in business environment
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Understanding the Environment of Business - Understand recent trends in the redrawing of corporate boundaries
