A Firm's General Environment Consists of Broad Trends in the Context

question 30

True/False

A firm's general environment consists of broad trends in the context within which the firm operates that can have an impact on the firm's strategic choices.

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Definitions:

Discretionary

Refers to funds or expenses that are non-essential and can be adjusted or eliminated depending on the financial situation.

Healthcare

Refers to the organized provision of medical care to individuals or a community through services offered by medical professionals.

Disposable Income

The amount of money individuals or households have to spend or save after income taxes have been deducted.

Discretionary Income

The amount of an individual's income left for spending, investing, or saving after taxes and personal necessities (like food, shelter) are taken care of.