The Organisation's General Environment Consists Of

question 8

Multiple Choice

The organisation's general environment consists of:

• A)employee satisfaction
• B)external forces that can indirectly affect the organisation
• C)external forces that can directly affect the organisation
• D)internal systems, policies and procedures
• E)internal values, assumptions, and artefacts

---

Definitions:

Vertical Contracts

Arrangements between companies at different levels in the supply chain, such as manufacturers and retailers, to control the supply and price of products.

Benefits

Advantages or favorable outcomes resulting from specific actions, policies, or circumstances.

Promotional Activities

Efforts designed to inform, persuade, or remind potential buyers about a business's products or services, often to boost sales or brand awareness.

Free Ride

Benefit received without contributing to the cost of its production, often resulting in under-provision of goods or services if too many consumers opt to not pay.