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Businesses Must Find a Balance Between Doing What Is Right

question 80

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Businesses must find a balance between doing what is right and doing what is profitable.

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Definitions:

Macroenvironment

The broader external environment affecting an organization, including economic, demographic, legal, political, technological, and social-cultural factors.

Immediate Environment

The physical and social setting that directly surrounds something or someone, influencing their condition or behavior.

Immediate Environment

The physical and social setting in which individuals find themselves at a given time, affecting their experiences and behavior.

Competition

The rivalry between businesses or individuals aiming to achieve goals such as higher sales, market share, or recognition.

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