To Fully Understand Why,how,and Where They Intend to Do Business,now

question 31

Multiple Choice

To fully understand why,how,and where they intend to do business,now and over time,managers must have:

• A)a clear understanding of the company's mission.
• B)a vision for how they intend to achieve the company's mission.
• C)an understanding of how the company plans to compete with other companies.
• D)a clear understanding of the company's mission,a vision on how to achieve the mission and how the company plans to compete.

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Definitions:

Macro-Level Influences

Large-scale societal forces that impact individuals and groups, including economic conditions, cultural norms, and governmental policies.

Economic Forces

Factors that affect the production, distribution, and consumption of goods and services in an economy.

Technological Innovations

New or improved technological products, processes, or services that significantly improve upon the existing standards and offer benefits to users or producers.

Popular Culture

Beliefs, practices, activities, and products that are widely shared among a population in everyday life.