04:09The following chart describes opportunities and challenges in the external environments that surround businesses. Which statement best completes the empty cells?Business Environment OpportunityEconomic & LegalTechnologicalFreedom to choose andstart your own businessThe InternetChallengeHigh taxesSocialGlobalMultiple ChoiceWealthy senior citizensDecrease in SocialSecurity contributionsWar and TerrorismE-commerce is a costly technological environment challenge, while the leisure time of seniors creates an opportunity in the global environment.Identity theft remains a technological environment challenge, while war and terrorism satisfy opportunities in the global environment due to the fact that they remain a small cost tosociety.Databases present themselves as a challenge and threat in the technological environment, while globalization has provided for an increase in the standard of living in the globalenvironment.Identity theft is a challenge in the technological environment of businesses, while the desire for green living presents opportunities for new businesses in the global environment.

The business landscape is constantly evolving, shaped by a dynamic interplay of forces across…

Answered: כ 04:09 The following chart describes…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Forbes Magazine named Exxon Mobil “Green Company Of The Year” in 2009 for its focus on natural gas (as opposed to coal). However, in the same year, Exxon Mobil was lobbying heavily against the scientific consensus that climate change was occurring and that it was mainly caused by the burning of fossil fuels. If Exxon was was a benefit corporation , could shareholders sue its directors for the inconsistency?
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How to respond into this in 100 words? Social trends can significantly impact business in high-tech industries, presenting both opportunities and threats for organizations and their strategic management. Social and technological forces are two of the four categories that comprise the microenvironment, or external environment. Social forces are related to values, beliefs, and culture while technological forces are related to advancements such as automation, artificial intelligence, or digitalization. An example of how social trends present both opportunities and threats to organizations operating in high-tech industries is the rise of electric vehicles (EVs). The growing interest and demand for electronic vehicles present great opportunities in the automotive industry. As more consumers prioritize sustainability and seek to reduce carbon emissions, EVs are becoming a more viable and popular choice. This interest based on the values of sustainability and green transportation has…
Do you agree or disagree with the authors' point NOT to put a Digital Expert In Charge of Your Digital Transformation? Why? Who would you select: William, Sarah, or Sophia? Hint: Choose William Use this link to answer the question: https://hbr.org/2019/08/dont-put-a-digital-expert-in-charge-of-your-digital-transformation

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