An Organization's Major Customer Puts Pressure on the Organization to Reduce

question 59

Multiple Choice

An organization's major customer puts pressure on the organization to reduce prices of its products.This is an example of the organization's __________________ environment.

• A) demographic
• B) task
• C) political
• D) legal
• E) sociocultural

Understand the basic principles of international trade and comparative advantage.

Identify and explain the effects of tariffs, quotas, and other trade barriers on international trade.

Recognize the significance of opportunity cost in trade decisions.

Differentiate between absolute and comparative advantages in international trade.

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Definitions:

Organization's Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution.

Lack Of Resources

A situation where the necessary tools, materials, or assets are not available, potentially hindering achievement or progress.

Modified Routines

Adjustments or changes made to standard practices or procedures to improve efficiency, accommodate new conditions, or address emerging problems.

Hyper-Turbulent

Hyper-Turbulent describes situations or environments characterized by extremely high levels of change, unpredictability, and complexity.