The Five Internal Environmental Factors Are

question 184

Multiple Choice

The five internal environmental factors are:

• A) management and culture, mission, resources, the systems process, and structure.
• B) management and culture, mission, people, the systems process, and structure.
• C) management and culture, mission, people, resources, and structure.
• D) management and culture, mission, resources, the control systems, and structure.

---

Definitions:

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming one more unit of a product or service.

Utility Maximizing Rule

A principle in economics stating that to maximize satisfaction or utility, consumers allocate their expenditures so that the last unit of currency spent on each product provides the same level of marginal utility.

Budget Constraint

The limitation on the purchasing ability of a consumer based on available income and prices.

Marginal Utilities

The extra pleasure or benefit derived from consuming one more unit of a product or service.