Answered: Which of the following is one of the…

Which of the following is one of the elements included in what is referred to as the General (External) environment? Economic dimension O Regulatory dimension

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

See similar textbooks

Related questions

Q: Are companies ethically to blame when customers misuse their products?

A: Companies are obliged to supply quality goods to the customers and check that no duplicate or…

Q: What is the main goal of a company that serves a specific community need?

A: There are different motives for running a business enterprise. An organization is an entity that is…

Q: In Australian consumer law, what type of goods exist?

A: Australian Consumer Law (ACL) is a key regulatory framework that governs the way businesses interact…

Q: Identify the intensity of market coverage.

A: Every marketing manager should be aware of the three types of target market coverage: intensive…

Q: What is operational research

A: Management specifically the art of doing things by others every organization has its management for…

Q: external environmental scanning for a tech battery company

A: External environmental scanning is a critical process for any company so that they can be aware of…

Q: Define and discuss the different processes that occur in consumer markets and business markets.…

A: Consumer Markets and its processes: The consumer market is the one where goods and services are…

Q: 3 Potential public policy issues involved with the introduction of service automation in the…

A: First, let us understand the term that is, "Service Automation". Service Automation is that type of…

Q: increased people using computers, networks, and the internet, leading to increased ethical concerns?

A: Yes, there are more ethical considerations now than there were previously due to increased…

Q: narket segment that a company tries to reach with its products/services is called a market segment…

A: ANSWER: OPTION (B) IS THE CORRECT ANSWER. REASON: This act has withstood with various attempts for…

Q: The managerial and social process by which customers obtain what they need and want through creating…

A: The managerial and social process by which customers obtain what they need and want through creating…

Q: identify four problem solving culture that can be used to resolve a misunderstanding between…

A: A problem-solving culture refers to associate worker community wherever improvement is an element of…

Q: marketing reserch is the systematic and objective identification, collection, analysis,…

A: Yes, Marketing research is the systematic and objective identification, collection, analysis,…

Q: Can you find me a Journal article that is linked in business principle

A: International business is the process of expanding the business operation outside the local…

Q: Model of Marketing roles in Circular Flow

A: The circular flow can be explained as an economic framework in which significant transactions are…

Q: critically examine the term action research

A: Talking about the action research then, action research helps in evaluating and investigating the…

Q: Why would consumers try to avoid food waste ?

A: The consumer are the only people for whom the business activities are performed. It means they are…

Q: Geography is a part of which of the following environment:

A: Geography is an important environments factor. The details are discussed as follows

Q: amalyze the concept of system theory on policy formulation and implementation

A: System theory concept states that each and every unit in an organisation has a proper and specific…

Q: How do the following concepts differ from each other; Forward vertical integration Backward…

A: Vertical integration is the strategies which are used by the firms to have control on the other…

Q: The Federal Trade Commission and other governmental agencies have been both praised and criticized…

A: The main purpose of the FTC agency is to protect customers from unfair trade practices. It gives…

Q: purchasing

A: Effective purchasing is a very important activity for a business organization. A good purchasing…

Q: Explain compensating differential

A: An organization consists of various employees who work together for the purpose of fulfilling…

Q: What are the goals of environmental scanning

A: The main objectives of environmental scanning are explained briefly in the following points :- 1. To…

Q: What is the functional regulations systems? What is the source of concept?

A: The functional regulations systems are a set of rules and principles that guide behavior in a given…

Q: The concept of sustainable marketing focuses on making economical value in a method that likewise…

A: Sustainability mainly focuses around to meet the requirements of the present without compromising…

Q: How would you characterise global Internet use growth?

A: The internet is a global network of interconnected devices that has transformed the ways in which…

Q: Describe the relationship that exists when a business is managing its objectives while also…

A: The specific steps taken to achieve a desired result by the companies or employees are called…

Q: Explain how advertisers might use classical conditioning and operant conditioning to encourage…

A: Advertisement is used by many firms as marketing strategy. In this question, how advertisement would…

Q: The proliferation of the use of digital technology, which includes computers, information networks,…

A: The proliferation of digital technology has brought about a wide range of ethical concerns in…

Q: The automobile industry product circuit has the following attribute. The industry is buyer-driven…

A: Automobile industry is one of the largest industry in the world. It has below features . 1) Industry…

Q: What is Consumer fraud and has there been any news or event on consumer fraud

A: In today's fast-paced and interconnected world, consumers are constantly bombarded with information…

Q: How can the following help an organization maintain a strong competitive edge? Strong marketing…

A: Marketing refers to a process in which various business actions or activities are carried out for…

Q: how does COVID-19 affect the Micro Small and Medium Enterprises?

A: how does COVID-19 affect the Micro Small and Medium Enterprises Validated and non-validated micro…

Q: Give the action plan a relevant name

A: The action plan of a company includes all the steps written down in a sequence that should be…

Q: What questions are epidemiologic meta-analyses meant to answer? How might the answers to these…

A: Meta-analysis may be a quantitative, formal, medical specialty study style wont to consistently…

Q: critically evaluate the strategic objectives to be met by a company in the automotive industry and…

A: Manufacturing firms operate to produce finished goods and sell them in the market. In the process of…

Q: Marketing focus on products , price and promotion in order to generate sales for the company True or…

A: Introduction Marketing is an important approach of a business. The success, growth and survival of a…

Question

Which of the following is one of the elements included in what is referred to as the General
(External) environment?
Economic dimension
O Regulatory dimension

Expert Solution

Step 1

External environment: It is a collection of variables or circumstances that exist from outside the corporation but have an impact on it. In the corporate world, this word refers to all aspects such as community, commerce, rules, and the system of government that is out of one's control.

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Write about the Marketing control process .
who takes regulatory surveys list the roles below
Would an act utilitarian give up their streaming service to help others?
Give example of reference groups that encourage sustainable consumption
Give beauty products that are considered toxic or contains harmful ingredients by FDA.
Develop a social resonsibility plan that will assist a business in improving its relationship with the community.
analyze the financial impact of at least three common regulatory requirements and at least one unique regulatory requirement each for federal, state, and third-party payers. Then determine which of these unique regulatory requirements has the maximum strategic impact.
Discuss the role of the government in the market economy and its implications to the managers and public policy.
Clearly state the application of benchmaking concept on policy formulation and implementation
Describe market control?
Explain and connect institutional drift and protective response
Plan any business that fits at this time of Modified Enhanced Community Quarantine due to covid-19 crises. Make a short discussion on how the product sales affect the amount- of money spent on advertising the product and the price of the product.