Actions of Suppliers, Distributors, Customers, and Competitors Can Affect Managers

question 56

Multiple Choice

Actions of suppliers, distributors, customers, and competitors can affect managers' ability to obtain resources and dispose of outputs, and thus, have a significant impact on the company's

• A)socioeconomic environment.
• B)short-term decision making.
• C)political influence.
• D)power distance.

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Definitions:

Timeliness

The degree to which a given activity or response is done or occurs at a suitable or opportune time.

Task at Hand

The immediate job or duty that requires attention, focus, and completion by an individual or team.

Reliable Information

Information that is consistently accurate and trustworthy over time.

Useful Information

Data or knowledge that can be applied to make informed decisions or solve problems effectively.