Describe the External Forces of Change and Their Significance to Management

question 15

Essay

Describe the external forces of change and their significance to management.

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Definitions:

Raw Material

The basic material from which products are made, not yet subjected to any processing or manufacturing.

Material R

A specified type of raw material used in the production of goods, referred to as "Material R" for distinction purposes.

Fixed Expenses

Costs that do not change with the level of output or sales and remain constant over a period, such as rent or salaries.

Discontinuing Product

The process of ceasing the manufacture, sale, and support of a product line or brand.