There Is a Trend Toward Mixing Business and Entertainment

question 123

Essay

There is a trend toward mixing business and entertainment.This is an example of which element of the external environment?

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Definitions:

Competitive Advantage

The unique attributes or abilities that allow an organization to outperform its competitors.

Key Success Factors

Critical elements or activities required for an organization to achieve its business objectives and be successful in its industry.

Local Responsiveness

The ability of an organization to understand local conditions and adapt its products and practices to meet the needs of a specific market.

Low Cost Reductions

Low cost reductions refer to strategies or measures implemented to decrease the expenses involved in operating a business, production, or delivering services without compromising quality.