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The Microenvironment Consists of Larger Societal Forces That Affect a Company

question 14

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The microenvironment consists of larger societal forces that affect a company, such as demographic, economic, political, and cultural forces.


Definitions:

Physical Health

The overall condition of an individual's body, including the absence of disease and fitness level.

Psychological Health

Refers to the emotional and mental well-being state where an individual is able to use their cognitive and emotional capabilities to function in society and meet the ordinary demands of everyday life.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, leading to delusions, hallucinations, and disorganized thinking.

General Adaptation Syndrome

A three-stage model (alarm, resistance, exhaustion) that describes the physiological changes the body undergoes when under stress.

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