The General Environment Consists of Elements That an Organization Finds

question 81

True/False

The general environment consists of elements that an organization finds inside its own boundaries and which have some bearing on its ability to exist and thrive.

---

Definitions:

Demand Options

Various strategies that businesses can use to manage and respond to customer demand for their products or services.

Capacity Options

Strategies a business may use to adjust its production capacity in response to fluctuations in demand.

Yield Management Software

Software tools designed to optimize pricing and inventory allocation to maximize revenue, commonly used in industries like travel and hospitality.

Expected Demand

Expected demand refers to the estimated quantity of a product or service that consumers will purchase at a given price level and time period, based on historical data, trends, and forecasting techniques.