The External Environment Is Composed of Two Layers: the ____________________

question 22

Short Answer

The external environment is composed of two layers: the ____________________ environment and the ____________________ environment.

Calculate and interpret profit margin for divisions or companies.

Identify the responsibilities and performance measures of investment centers.

Apply concepts of residual income in evaluating business performance.

Distinguish between cost centers, profit centers, and investment centers in organizational structures.

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Definitions:

Flower Shops

Retail establishments that sell flowers, floral arrangements, and other related items.

Robinson-Patman Act

A U.S. antitrust law passed in 1936 to protect against pricing discrimination and predatory pricing to encourage fair competition.

Specific Types

Used to refer to particular categories or varieties within a broader grouping or classification.

Injuries

Physical harm or damage to someone's body caused by an accident or violence.