List the Five Dimensions of the External Environment of Business

question 227

Essay

List the five dimensions of the external environment of business organizations.

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Definitions:

Unpredictable Ways

Patterns or outcomes that are not able to be foreseen or predicted due to a wide array of influencing factors.

Density Dependent

Refers to factors whose effects on the size or growth of a population vary with the population density, such as competition for resources.

Density Independent

Referring to effects on population growth that occur regardless of the population density, such as environmental stress or climate changes.

Disease

A condition that impairs normal functioning and is typically manifested by distinguishing signs and symptoms.