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:

Preceded by Tone

Describes a situation or condition that is announced, signalled, or introduced by an auditory signal or sound.

Shock

Shock is a critical medical condition resulting from inadequate blood flow to the body’s tissues and organs, leading to organ failure and potentially life-threatening outcomes.

React with Fear

To respond to a situation or stimulus with a feeling of anxiety or dread, often as a means of protection or avoidance.

Associative Learning

A learning process in which an association is made between two stimuli or a behavior and a stimulus.