1st Quarter Reviewer A.E. Flashcards
1
Q
- It includes “all internal and external factors that affect the company’s performance” and functions.
A
Business Environment
2
Q
- It includes “employees, customers, management,” supply, and demand, business regulations and competition
A
Business Environment
3
Q
- Is a “process used by organizations to monitor” their external and internal environments
A
Environmental Scanning
4
Q
- Is a “strategic tool in assessing” the level of threats or opportunities that might affect the business
A
Environmental Analysis
5
Q
- The environment of the organization consists of “factors that are controllable” by the management.
A
Internal Environment
6
Q
- These “elements lie within the organization” and any changes to them can affect the overall success of the business.
A
Internal Environment
7
Q
- These environment factors are “beyond the control” of the business
A
External Environment
8
Q
- It is a “small scale” of environmental factors.
A
Micro Environment Factors
9
Q
- It is a “wide scale” of environmental factors
A
Macro Environment Factors
10
Q
- Can “control the success of the business” when they hold power.
A
Suppliers
11
Q
- Have a great “contribution the delivery of products” to the consumers.
A
Resellers
12
Q
- An “individual or business that purchases goods” or services
A
Customers
13
Q
- These are about how and to “what degree a government intervenes”
A
Political Factors
14
Q
- Have a significant impact on how an organization does business and “how it is profitable”
A
Economic Factors
15
Q
- Companies need to know what is and what is not “legal in order to trade successfully”
A
Legal Factors
16
Q
- These factors have become important due to the “increasing scarcity of raw materials and population targets.”
A
Environment Factors
