The General Environment Consists of the Specific Individuals and Organisations

question 17

True/False

The general environment consists of the specific individuals and organisations that interact directly with the organisation and can affect goal achievement.

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Definitions:

Selling

The act of transferring ownership of a product or service from one entity to another in exchange for money, goods, services, or other forms of value.

Administrative Expense

Costs related to the general operation of a business that cannot be directly linked to any specific business activity, product, or service.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of a company, allowing for more accurate budgeting.

Materials

Basic elements or substances used in the production or manufacturing of goods.