Business
The main reason environmental scanning is important is so that businesses can be aware of...
Potential threats
Which of the following will foster a businesses ability to adapt to changing markets...
Proactive management
One reason why it is important to businesses to identify and respond to current business trends is to...
Remain competitive
An advantage to a business of filing Chapter 11 bankruptcy is that the process allows the business to...
Reorganize
A business should conduct environmental scans on a continuous bases so that it can...
Respond to opportunities and threats quickly
Type of trend businesses consider when they analyze where customers live and their ethnic backgrounds?
Demographic
A nation that exports more than it maintains a...
Trade surplus
Which of the following is a factor that would encourage businesses to start a business at a particular location...
Easy access to natural resources
Business moves and leaves employees jobless. Some consider this unethical, but its...
it's not illegal
Businesses that successfully adapt to current market situations often realize that...
Diversification is the key
A London businessperson was offered a "cuppa" and didn't know what it meant. This is...
A language barrier
The US produces Widgets faster and cheaper than Switzerland. In this example, the US has an .... advantage
Absolute
Changing a goods form involves which of the following...
Adding a new feature to the good
Why should a business practice good ethics...
An ethical business contributes toward its own success
Which of the following is a benefit of international trade...
An improved standard of living
When marketers provide information about an available product, consumers are more likely to...
Buy the product
The KMV company lowered its prices... What external factor influenced this?
Changes in consumer spending
A businesses philanthropic responsibility involves its contributions to...
Charity
One reason an existing business might develop a company web-site is to...
Create a new revenue source
Which of the following factors affects society's basic values and behaviors that influence their buying decisions...
Cultural
A country with a weak currency value tends to...
Decrease it's imports and increase it's exports
Which would be done first in an environmental scan...
Identify participants and responsibilities
Which of the following is the best action for businesses to take in order to adapt to changing markets...
Implement innovative strategies and ideas
One way that the trend towards protecting the environment has a negative effect on many businesses...
Increase costs
What type of property is a business protecting when it registers its trademark...
Intellectual
One internal factor that affects the business environment is...
Management style
It's important to understand social differences, such as bowing, shaking hands, and spatial comfort, which are all examples of...
Non-verbal communication
One way technological innovation has changed businesses is by decreasing the use of...
Paper forms
Which of the following is an environmental factor that affects the performance of businesses that market products on a global level...
Political risk
As the use of information-management systems grows, it's important for businesses to be concerned with their customers'...
Rights to privacy
An example of nonverbal communication that might have a different meaning to business people in other parts of the world...
Shaking hands when greeting a customer
A situation that might make businesslike people from pother countries feel uncomfortable and impact their ability to buy the product...
Standing very close to others during conversations
An important factor that has a significant effect on the general business environment...
Technology
Which factor has aided the most in creating a global business environment...
Technology
Example of demographic trend...
The aging of the population
Which of the following situations would most likely indicate the need to adapt to changes in the business environment...
The supply of materials used in manufacturing a product has decreased
Which of the following is a true statement about business ethics and law...
The two are not the same thing, but they do overlap
A reason a US company would decide to offer its products in other countries...
To expand to new, untapped markets
A reason some US businesses have moved some of their operations to foreign countries is...
to lower their labor standards
The growth of e-commerce is changing the way companies do business by allowing them to...
Be accessible to customers at all times