The Five Broad Categories That Make Up the External Environment

question 8

True/False

The five broad categories that make up the external environment are (1) economic, (2) social and cultural, (3) legal, political, and ethical, (4) natural and (5) technical.

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Definitions:

Marginal Analysis

An examination of the benefits and costs of an additional unit of consumption or production to help make economic decisions.

Doughnut

A type of fried dough confection or dessert food, commonly ring-shaped and often glazed or sugared.

Down Payment

An initial upfront payment made when purchasing something, especially real estate, usually expressed as a percentage of the total price.

Retrospective Analysis

A psychological autopsy in which clinicians and researchers piece together information about a person’s suicide from the person’s past.