Which Environment Is NOT an Important Dimension of a Business

question 15

Multiple Choice

Which environment is NOT an important dimension of a business organization's external environment?

• A) the political-legal environment
• B) the sociocultural environment
• C) the technological environment
• D) the corporate cultural environment
• E) the global business environment

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Definitions:

Consumer Protection Law

Regulations designed to safeguard consumers from unfair, deceptive, or fraudulent practices in the marketplace.

Online Transactions

The process of buying, selling, or exchanging goods, services, or information via the internet.

Bilateral Contract

A contract in which there is an exchange of promises: both parties assume an obligation.

Unilateral Contract

A contract in which only one party makes a promise or undertakes a performance to induce a second party to perform, without the second party similarly promising or performing.