The Political/legal Segment of an Environment Represents

question 2

Multiple Choice

The political/legal segment of an environment represents:

• A) The political preferences of different ethnic groups in the society
• B) The technological values of different political entities in society
• C) How organizations and governments mutually try to influence each other
• D) The system of regulations governments at all levels place on businesses

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Definitions:

Centralized Purchasing

The process where one central department within an organization is responsible for making all purchasing decisions to achieve efficiencies and cost savings.

Equilibrium

A situation where the equilibrium of market forces of supply and demand results in stable prices.

Negotiation Consultant

A professional advisor who helps individuals or organizations to effectively negotiate agreements and resolve disputes.

Repeated Game

A strategic situation where the same game is played several times, allowing players to adjust their strategies based on previous outcomes.