An Analysis of External Business Environment Should Always Include a Review

question 135

Multiple Choice

An analysis of external business environment should always include a review of the supply chain to determine ____________.

• A)illegal trading
• B)the power of buyers
• C)the power of suppliers
• D)unethical practices

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Definitions:

Information-processing

A cognitive approach that focuses on how people process, store, and retrieve information.

Serial Position Effect

A memory phenomenon where individuals are more likely to remember items at the beginning (primacy effect) and end (recency effect) of a list, than those in the middle.

Three-stage Model

A model describing memory processing in three stages: sensory memory, short-term memory, and long-term memory.

Psychology

Scientific study of behavior and mental processes.