Given the Range of External Influences That Impact a Firm,understanding

question 42

Multiple Choice

Given the range of external influences that impact a firm,understanding the external environment requires managers to:

• A)Use a framework or a system to organize relevant information
• B)Monitor competitors closely
• C)Use all existing sources and techniques to gather and analyze information
• D)Devote a large proportion of their time to this task

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Definitions:

Adrenal Glands

Paired endocrine glands located above the kidneys that produce hormones such as adrenaline and cortisol, crucial for stress response and metabolism.

Parathyroid Hormone

A hormone produced by the parathyroid glands responsible for the regulation of calcium levels in the blood and bone metabolism.

Osteoclast Activity

The process by which osteoclasts break down bone tissue, releasing minerals into the blood and reshaping bones.

Phosphate

Phosphate is an inorganic chemical and a salt of phosphoric acid, playing vital roles in biological molecules like DNA and ATP.