Given the Plethora of External Influences, Understanding the External Environment

question 10

Multiple Choice

Given the plethora of external influences, understanding the external environment requires managers to

• A)use a framework or a system that allows them to organize information and rank factors.
• B)monitor their rivals closely to detect signals of change in their strategies.
• C)use all existing techniques to gather and analyze information.
• D)work on the matter full-time.

---

Definitions:

Pool Their Signals

This concept involves combining multiple indicators or signals to enhance decision-making or analysis.

Bipolar Cells

Bipolar cells are a type of neuron found in the retina, acting as a middle layer that relays signals from photoreceptors to ganglion cells.

Cones

Photoreceptor cells in the retina of the eye responsible for color vision under bright light conditions.

Bipolar Cells

Cells in the retina that act as a relay between photoreceptors and ganglion cells, transferring visual information.