________ Involves Scanning the Business Environment to Collect and Interpret

question 84

Essay

________ involves scanning the business environment to collect and interpret relevant information about direct competitors,indirect competitors,and potential competitors.

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Definitions:

Price of Cameras

The amount of money required to purchase a camera, influenced by factors such as technology, brand, market demand, and production costs.

Shift in Demand

A change in the demand curve caused by factors other than the price of the good or service, leading to an increase or decrease in demand at every price.

Mass Transit

Public shared transportation systems, such as buses and trains, designed to move large numbers of people efficiently across urban and suburban areas.

Drilled Oil

Petroleum that has been extracted from the earth via drilling operations, a common method for obtaining crude oil.