According to the Text,environmental Elements Over Which Management Does Have

question 50

True/False

According to the text,environmental elements over which management does have some control-include competitive,labor,and financial forces-are called the internal forces.

Analyze the threats posed by megacorporations to national governments.

Understand the factors contributing to hunger, poverty, and the role of cash crops in developing countries.

Acknowledge the scale of overweight populations worldwide.

Understand the adverse effects of economic globalization such as the collapse of local markets.

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Definitions:

Competitive World Market

A global economic environment where businesses compete across borders to offer the best products and services.

Trade Restrictions

Measures imposed by governments to control or limit the exchange of goods and services across their borders, including tariffs, quotas, and embargoes.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade.

Exports Cars

The activity of selling and shipping cars from one country to another, contributing to a country's trade balance.