additional sir necor

they must first be aware of the variables that may affect a corporation’s short-term and long-term decisions

strategic managers

they must scan not only the natural environment for possible strategic factors, but also include in its strategic decision-making processes the impact of its activities upon the natural environment

management

Societal environment is ___ that includes general forces that do not directly affect the short-run activities of the organization but can influence its long-term decisions

mankind’s social system

it is typically focused on the industry within which the firm operates.

corporation’s task environment

it assesses internal, external, current, and future potential factors that may affect the market position of a particular organization.

SWOT analysis

These factors determine the impact of ____ environment and emerging trends to business profitability of an organization.

Social.

These factors determine the impact of ___ innovation and development on a particular market or industry.

Technological.

These factors determine the importance of understanding ___ laws and procedures on a given territory where a business operates.

Legal.

it is high when there are few businesses equally selling a product or service, when the industry is growing, and when consumers can easily switch to a competitor's product for a cheaper cost.

Rivalry competition

it can be end-consumers or other companies that will eventually take the products to the consumer market.

Customers