Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 1.5QA
Summary Introduction
To determine: The three factors in the external environment that affect college enrolment.
Introduction:
A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Describe the challenges marketers face with changing economic conditions. What factors should marketers consider in offer value to today’s customers?
Discuss the contribution of the hospitality industry to local, national and international economies and provide statistics.
Develop a social resonsibility plan that will assist a business in improving its relationship with the community.
Chapter 1 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 1 - Prob. 1.1QRCh. 1 - Prob. 1.2QRCh. 1 - Prob. 1.3QRCh. 1 - Prob. 1.4QRCh. 1 - Prob. 1.5QACh. 1 - Prob. 1.6QACh. 1 - Prob. 1.7QACh. 1 - Prob. 1.8QACh. 1 - Prob. 1.9AECh. 1 - Prob. 1.10AE
Ch. 1 - Prob. 1.11ACh. 1 - Prob. 1.12ACh. 1 - Identify a product, either a good or a service,...Ch. 1 - Prob. 1.14ACh. 1 - Prob. 1.15TECh. 1 - Prob. 1.16TECh. 1 - Prob. 1.17TECh. 1 - Prob. 1.18TECh. 1 - Prob. 1.19EECh. 1 - Prob. 1.20EECh. 1 - Prob. 1.21EECh. 1 - Prob. 1.22CCh. 1 - Prob. 1.23CCh. 1 - Prob. 1.24CCh. 1 - Prob. 1.25CCh. 1 - Prob. 1.26CCh. 1 - Prob. 1.27CCh. 1 - Prob. 1.28CCh. 1 - Prob. 1.29CCh. 1 - Prob. 1.30CCh. 1 - Prob. 1.31CCh. 1 - Prob. 1.32C
Knowledge Booster
Similar questions
- Using your school as an example, find one trend in each of the areas (economics, globalization, political/legislative, technology, demographic and social/cultural) that will impact enrollment in your school. In your own wordsarrow_forwardDiscuss the key factors that influence real estate markets, prices and fluctuations.arrow_forwardThe business environment encompasses the myriad external factors that affect the operations, performance, and decision-making processes of an organization. It is a dynamic and multifaceted arena, shaped by economic, social, technological, political, and legal forces. The economic environment, for instance, plays a pivotal role in influencing business activities, encompassing aspects such as inflation rates, exchange rates, and overall economic stability. Social factors, including cultural trends and demographics, contribute to the shaping of consumer preferences and market demand. Rapid technological advancements introduce both opportunities and challenges, as businesses strive to stay competitive and innovate in an ever-evolving landscape. Political and legal factors, on the other hand, can significantly impact business operations through regulations, government policies, and geopolitical events. In navigating this complex business environment, organizations must remain agile and…arrow_forward
- why egg production is importance in agricultural production?arrow_forwardyou will discuss these two trends in terms of their effects?arrow_forwardDespite an economic recession caused by COVID-19 in 2020, the non-life insurance sector grew. As a result, insurance companies have attempted to create a new segment based on the surge in demand fueled by increased health awareness in the wake of the Pandemic. Discuss how insurance companies can form their new market segment.arrow_forward
- What are the impact of free video distribution sites like youtube.com and vimeo.com?arrow_forwardThe entertainment/casino industry in Las Vegas is heavily impacted by a large number of external environmental factors. From each of the five major categories of external factors, identify a specific example of that element might impact a casino’s marketing planning. Be sure to explain why you believe each of your examples will be important for marketing managers to consider as they develop their marketing plans.arrow_forwardWhat type of leisure air travel will rebound first after an economic crisis like the Covid-19 pandemic? 1) Long-haul flights 2) Short-haul flights 3) Charters 4) General Aviationarrow_forward
- Despite an economic recession caused by COVID-19 in 2020, the non-life insurance sector grew. As a result, insurance companies have attempted to create a new segment based on the surge in demand fuelled by increased health awareness in the wake of the Pandemic. Discuss how insurance companies can form their new market segment.arrow_forwardWhat is Accessible Tourism and its importance?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON