The First Step in Adapting to the Environment Is

question 58

Multiple Choice

The first step in adapting to the environment is:

• A)restructuring
• B)recognizing the need to change
• C)evaluating the external environment
• D)evaluating the internal environment
• E)exploring the competitor's structures

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Definitions:

Relative Purchasing

The comparison of the purchasing power of various currencies against goods and services, adjusting for their price differences in different countries.

Export Development Canada

A Canadian government agency that provides financing, insurance, and other support to Canadian exporters and investors.

Federal Crown

A term referring to the sovereign power of the government in a monarchy, especially in context to its authority and jurisdiction.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, where participants can buy, sell, exchange, and speculate on currencies.