Briefly Differentiate Between the External and Internal Environments That Companies

question 80

Essay

Briefly differentiate between the external and internal environments that companies face and explain why these environments are important.​

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Definitions:

Chain Migration

A term used to describe the process by which immigrants sponsor other family members to migrate to a new country, creating chains of migration from the same family or community.

Ostracism

The social or psychological exclusion of an individual from a group, which can lead to feelings of loneliness and distress.

Social Pain

Emotional pain experienced as a result of social rejection, exclusion, or loss of social connections.

Tylenol

A brand name for acetaminophen, a medication used to reduce fever and alleviate pain.