Foundations of Business (Standalone Book) (MindTap Course List)
5th Edition
ISBN: 9781305511064
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Question
Chapter 1.7E, Problem 3CC
Summary Introduction
To determine: The environment that affects business and how it affects a small electronics manufacturer located in Portland Oregon.
Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.
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Chapter 1 Solutions
Foundations of Business (Standalone Book) (MindTap Course List)
Ch. 1.1B - Prob. 1CCCh. 1.1B - Prob. 2CCCh. 1.1B - Prob. 3CCCh. 1.2C - Prob. 1CCCh. 1.2C - Prob. 2CCCh. 1.2C - Prob. 3CCCh. 1.3C - Prob. 1CCCh. 1.3C - Prob. 2CCCh. 1.3C - Prob. 3CCCh. 1.3C - Prob. 4CC
Ch. 1.4C - Prob. 1CCCh. 1.4C - Prob. 2CCCh. 1.4C - Prob. 3CCCh. 1.4C - Prob. 4CCCh. 1.5 - Prob. 1CCCh. 1.5 - Prob. 2CCCh. 1.5 - Prob. 3CCCh. 1.6D - Prob. 1CCCh. 1.6D - Prob. 2CCCh. 1.6D - Prob. 3CCCh. 1.6D - Prob. 4CCCh. 1.7E - Prob. 1CCCh. 1.7E - Prob. 2CCCh. 1.7E - Prob. 3CCCh. 1.7E - Prob. 4CCCh. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQ
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- Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits. How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? Also discuss various socio-technical marketing strategies that influence consumer behavior to increase the adoption behavior? Come up with 2 examplesarrow_forwardWhy is it important to understand external business?arrow_forwardIdentify two (2) environmental trends that are instrumental in creating business opportunities? Provide an example of each environmental trend and the types of business opportunities that it might help create.arrow_forward
- Choose a business with which you're familiar and use it to provide examples of how a business is affected by operating in each environment.arrow_forwardDo you know of any small business such as sari-sari store or small shop in your community? Describe the nature of the business. What goods or services are offered by this business? What if this business does not exist, how would this affect your community?arrow_forwardWhat is the importance of viability, profitability, and customer to business?arrow_forward
- Can you name the six most common types of businesses? Is there evidence to back up your hypothesis? Does your job need a different option? Tell me more about your idea; I'm assuming it involves some kind of virtual flea market for used goods.arrow_forwardHow do social and cultural factors impact the business environment, and what strategies can businesses adopt to cater to diverse customer preferences and values?arrow_forwardWhat is your Ideas for business proposal about sustainability and prosperity.arrow_forward
- Identify two (2) environmental trends that are instrumental in creating business opportunities? Provide an example of each environmental trend and the types of business opportunity that it might help create.arrow_forwardIdentify two (3) environmental trends that are instrumental in creating business opportunities? Provide an example of each environmental trend and the types of business opportunities that it might help create. Discuss in detailarrow_forwardConsidering the COVID 19 pandemic and its impact on the general business environment, use the business model canvas to develop a new business that has higher chances of survival, growth and profitability: stating clearly your justifications.arrow_forward
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