How environmental variables can contribute to a firms position

Q: lwlhat legal and regulatory issues may affect our business in both domestic and global markets?

A: A business is considered as an organization that is engaged in different activities like a…

Q: Discuss the critical success factors method of internal environmental analysis of a firm

A: The factors that are essential for the success of the organization are called critical success…

Q: Explain the three perspectives of Inustrial Relations, providing some pros and cons of each…

A: Organizational behavior examines workplace dynamics, focusing on how individuals and groups behave…

Q: Discuss how technology impacts the ethical behavior of a firm.

A: Ethical behavior is very important for an organization because it shows honest and fair behavior to…

Q: Explain the importance of ethical decision making

A: Ethical decision-making is a fundamental aspect of human behavior that determines how individuals…

Q: Choose one of the environmental factors that impacts businesses and explain its importance to an…

A: Introduction Environmental factors are the surroundings or the physical conditions that have an…

Q: What are the main factors influencing decisions to legislate in relation to sustainability?

A: Legislating in relation to sustainability involves the development and implementation of laws and…

Q: what are the requirements for markets to work efficiently?

A: The Prerequisites of an efficient market are explained below in the following points:- 1. Free flow…

Q: This is a question on business strategy and policy

A: Product differentiation is a process through which the product of one organization is differentiated…

Q: How markets work?

A: Traditionally, market is referred to a place. It is the physical space where buyers and sellers meet…

Q: the impact of various EXTERNAL/MACRO Factors (PESTEL)

A: PESTEL analysis is a framework for evaluating how different external macro variables will affect a…

Q: Market Structures: Why is it necessary for business firms to have knowledge on the Market…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Define environmental forces?

A: From a marketing point of view, many forces or factors affect the business. They may be internal or…

Q: How competitive environmental factor can influence a clothing company?

A: The clothing and fashion industries may seem similar at first glance, but they are different from…

Q: What is the role of business policy in shaping the long-term direction of an organization?

A: The long-term direction of an organization refers to the overall vision, mission, goals, and…

Q: What are internal and external environmental factors? and explain the importance of them with…

A: The business environment is the total of internal and external factors that have a direct or…

Q: Select any contemporary issue in business and briefly discuss it

A: Running a business is not an easy job. There are many problems associated with the business. For…

Q: scribe major tends in today's natural environment and briefly explain how these trends affect…

A: No business works in isolation. It is continuously influenced by numerous forces around it which can…

Q: Use one micro (task) environmental factor and one macro (broad) environmental factor to analyze the…

A: Business environment: Business environment refers to all the aspects in and around the business that…

Q: environmental changes impact a firm? Give an example

A: Climate change has become an increasingly important global concern because of a multitude of good…

Q: Describe the environmental forces that affect the company’s ability to serve its customers.

A: The environmental forces that affect the company’s ability to serve its customers are:

Q: How do both businesses and consumers react to the competition

A: Competition for the market implies the attempts and competitive strategies followed by the firms to…

Q: How do strategies help firms in gaining a sustainable competitive advantage?

A: Competitive strategy is a characteristic that allows an organization to outplay its competitors.The…

Q: What are the differences between Internal and External Business Environment?

A: The business system is developed for the purpose of making the market a place to sell customers'…