How Would You Describe the Global Environment? Briefly Explain Its

question 20

Essay

How would you describe the global environment? Briefly explain its impact on managers and their organizations.

---

Definitions:

Full-Service

Full-service refers to a type of company or business that offers a complete range of services to its customers, covering all their needs in a specific area.

Retailer-Sponsored Cooperatives

A group of retail merchants that band together to purchase goods in bulk to save money and share marketing expenses, often to better compete with larger chains.

Wholesaler-Sponsored Voluntary Chains

A retailing strategy where independent retailers band together under a wholesaler's brand and distribution system to compete with larger chains.

Franchises

Business model that allows individuals or entities (franchisees) to operate a business under the established brand and operational system of the franchisor in exchange for a fee and ongoing royalties.