What Are Two Factors from the External Environment That Might

question 31

Multiple Choice

What are two factors from the external environment that might affect an organization's need for training and the employees' receptivity to being trained?

• A) trade agreements and new technologies
• B) competitors and corporate strategy
• C) recessions and employment equity
• D) demographics and organizational culture

---

Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, all of whom have full information and the products are perfect substitutes.

Output

Output refers to the total amount of goods or services produced by a company, industry, or economy within a certain period, often used as a measure of productivity or economic activity.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for revenue.

Reduces

Makes smaller in amount, degree, or size; diminishes or lessens.