Socio-Cultural Conditions in the General Environment Include ___

question 42

Multiple Choice

Socio-cultural conditions in the general environment include ___.

• A) philosophy and objectives of the political party or parties running the government, as well as laws and governmental regulations
• B) inflation, income levels, gross domestic product, unemployment, and job outlook
• C) norms, customs, and social values regarding human rights; trends in education and related social institutions; and demographic patterns in society
• D) development and availability of technology, including scientific advancements
• E) nature and conditions of the natural environment, including levels of public concern expressed through environmentalism

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Definitions:

Improved Profitability

An increase in the net profit margin, indicating better efficiency in managing costs or increasing sales revenues.

Benchmarking

The practice of comparing business processes and performance metrics to industry standards and best practices from other companies.

Limitations

Constraints or restrictions that impact the scope, effectiveness, or outcome of an activity, study, or project.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align daily work with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.