Explain the Four Underlying Assumptions of the Administrative Model

question 37

Essay

Explain the four underlying assumptions of the administrative model.

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Definitions:

Economic Force

External factors such as inflation, interest rates, and economic growth that can influence an organization's performance and strategic planning.

Cultural

Pertaining to the customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Marketing Environment

Consists of external forces that affect a company's capability to operate effectively in providing products and services to its customers.

E-commerce Offering

Products or services sold online through a website or mobile app, facilitating convenient shopping for consumers.