Match the Options Below with the Correct Phrases

question 28

Multiple Choice

Match the options below with the correct phrases:
-natural forces

• A)firms that offer similar products in the organization's marketplace
• B)forces such as climate, weather, geography and geology that affect how businesses operate and locate their operations
• C)a system that regularly affects and is affected by various and constantly changing forces outside itself
• D)available, qualified, and potential employees
• E)the providers of resources to produce goods and services
• F)all forces outside an organization's borders that interact directly or indirectly with it
• G)company's expertise evolved over time
• H)organizational experience, wisdom, knowledge, and expertise
• I)the general framework of statutes enacted by legislatures
• J)internal and external users or consumers of goods and services
• K)influences and contributions from diverse groups outside an organization
• L)employee's feelings about work
• M)elements within organization's borders that managers create, acquire and utilize
• N)owners, employees, customers, and suppliers
• O)conditions that influence management decisions and the costs and availability of resources
• P)the combined effects of processes, materials, knowledge, and other discoveries resulting from research and development activities
• Q)the surveillance of outside areas and factors
• R)gives an organization its distinct culture
• S)domestic, and foreign economic, legal/ political, sociocultural, and natural forces
• T)collecting information about the external environment
• U)an organization's owners, customers, and external labor pool
• V)organizations not defined by external boundaries

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Definitions:

Complementary Resources

Assets or inputs in a business that work together to increase efficiency or create a greater competitive advantage.

Synergistic Benefits

Gains achieved by combining different parts of a business or companies that work better together than separately.

Merger

The combination of two or more companies into a single entity, often to expand product lines or markets.

Synergy

The positive incremental net gain associated with the combination of two firms through a merger or acquisition.