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Assume you are the sales manager for your college or university (at universities sales management is often part of admissions,recruitment and development departments).Describe existing or plausible changes in the school's external environment including at least one possible change for each of the five categories of external factors.
Separate Legal Entity
A status that allows a company to operate as its own legal entity, distinct from its shareholders, with rights to sue, be sued, own assets, and incur liabilities.
Taxable Entity
A taxable entity refers to any individual, business, or organization that is subject to tax by governments.
Business Organization
The structure by which a business is organized and operated, which can range from sole proprietorships to corporations.
Going-Concern Principle
The assumption that a company will continue to operate in the foreseeable future, not planning to liquidate or cease operations.
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