Give Two Examples of How Companies Can Gather Information to Respond

question 44

Essay

Give two examples of how companies can gather information to respond to changes in the microenvironment.

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Definitions:

Reliance

The act of depending on or trusting something or someone.

Legal Assent

The express or implied agreement to the terms of a contract, demonstrating a mutual understanding and intention to be bound by those terms.

Courts

Institutions established by governmental entities to settle disputes through a legal process by applying laws and issuing decisions, rulings, or judgments.

Unilateral Mistake

A unilateral mistake occurs when only one party to a contract is mistaken about a basic assumption on which that party entered into the contract.