Management, Loose-Leaf Version
13th Edition
ISBN: 9781305969308
Author: Richard L. Daft
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 3, Problem 4DQ
Summary Introduction
To determine:
The reasons for customers to be important in the external environment.
Introduction:
External environment refers to the factors that take place outside the organization, which has a direct impact on the business operations. This impact is very much essential for the growth of the business.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Contemporary best-selling management books often argue that customers are the most important element in the external environment. Do you agree?
What are some common mistakes that businesses make when attempting to control their marketing efforts, and how can these be avoided?
What are three specific measures a business can take to overcome customers' mistrust?
Chapter 3 Solutions
Management, Loose-Leaf Version
Ch. 3 - Prob. 1OTJVCCh. 3 - Prob. 2OTJVCCh. 3 - Prob. 3OTJVCCh. 3 - Prob. 1DQCh. 3 - Prob. 2DQCh. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - Prob. 7DQ
Ch. 3 - Prob. 8DQCh. 3 - Prob. 9DQCh. 3 - Prob. 10DQCh. 3 - Prob. 1EECh. 3 - Prob. 2EECh. 3 - Prob. 3EECh. 3 - Prob. 4EECh. 3 - Prob. 5EECh. 3 - Prob. 6EECh. 3 - Prob. 7EECh. 3 - Prob. 8EECh. 3 - Prob. 9EECh. 3 - Prob. 10EECh. 3 - Prob. 1SGBCh. 3 - Prob. 1EDCh. 3 - Prob. 2EDCh. 3 - Prob. 3EDCh. 3 - Prob. 1CFCACh. 3 - Prob. 2CFCACh. 3 - Prob. 3CFCA
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- What are three specific actions that a business might take to overcome customer distrust?arrow_forwardIn order for a market to exisit, there must be a need for a product, ability to pay, willing to buy, authority to buy, and be a group large enough to result in a profit. Without these, you do not have a viable market. What are some things a person can do to prevent not having a viable market?arrow_forwardThe use of management science in "market analysis". List three positive and negative outcomes from this application of management science.arrow_forward
- What strategies can businesses implement to prevent recurring customer conflicts and promote long-term customer satisfaction?arrow_forwardHow does the budget constraint affect consumer choices?arrow_forwardDiscuss the role of employee training and development at your organization. How does employee training and development factor into your organization’s strategic planning and contribute to its competitive advantage? What recommendations would you make to your leadership to improve training and development at your organization?arrow_forward
- How do customer relationship management systems help firms achieve customer intimacy?arrow_forwardWhen a business is doing well financially, why is it necessary to consider the viewpoint of the customers?arrow_forwardBeing locked into a product or technology is a problem only if such a product can be clearly shown to be inferior to an alternative. Using your understanding of market structure, briefly explain what difficulties there might be in establishing such a case?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning