Which of the Following Is a Simple Guide Used to Compile

question 28

Multiple Choice

Which of the following is a simple guide used to compile relevant information about economic,competitive,and political trends that may affect a firm?

• A) organization chart
• B) workforce requirement matrix
• C) external resource system table
• D) environmental scanning worksheet

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Definitions:

Surplus

An excess of supply over demand, leading to a situation where goods and services exceed their consumption or utilization.

Rent Control

Government policies or laws that limit the amount landlords can charge for renting out a property, intended to make housing more affordable.

Demand Increase

This occurs when there is a rise in the quantity of a product or service that consumers are willing and able to purchase at a given price, often due to factors like increased income, changes in tastes, or population growth.

Supply Decrease

A supply decrease refers to a situation where the quantity of a good or service that producers are willing and able to sell at a given price level falls, often due to factors like increased production costs or regulatory changes.