The Three Parts of the External Environment Which Affect a Firm's

question 25

Multiple Choice

The three parts of the external environment which affect a firm's strategic actions are

• A)economic, political, and legal.
• B)general, industry, and competitor.
• C)industry, business, and product.
• D)local, national, and global.

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Definitions:

Salary Negotiations

The process of discussing and agreeing upon the compensation for a job between an employer and a prospective or current employee.

Unique Value

The distinct benefit or advantage that something offers, setting it apart from alternatives.

Interview Process

A structured interaction between a job applicant and an employer aimed at assessing the applicant's suitability for a position.

Warm-up

Activities or exercises performed before the main activity to prepare physically or mentally, often used in sports or public speaking.