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In a period of economic boom, unemployment is , and human resources become expensive.
Your Answer correctThe economic factors that affect a firm's external environment are Blank______.Multiple choice question.primarily ecologicalusually regionallargely macroeconomiccorrectoften unidentifiable...
Read MoreIn the PESTEL model, political factors are those that relate to .
Your Answer correctIn the PESTEL model, political factors are those that relate to Blank______.Multiple choice question.climate and weathergovernment bodiescorrectbanking organizationsemploymentCorrect AnswerQuestiongovernment bodies...
Read MoreIn the early 2000s, easy credit made real estate the investment of choice in the United States. By the end of the decade, however, a recession had set in, impacting almost all businesses in the country. What does this example show?
Your Answer correctIn the early 2000s, easy credit made real estate the investment of choice in the United States. By the end of the decade, however, a recession had set in, impacting almost all businesses in the country. What does this example show?Multiple choice question.During economic boom...
Read MoreWhen managers understand the forces in the external environment, they are better able to .
Answer ModeMultiple Choice QuestionYour Answer correctWhen managers understand the forces in the external environment, they are better able to Blank______.Multiple choice question.understand the firm's internal resourcesachieve price stabilitymitigate threats and leverage opportunitiescorr...
Read MoreWhich of the following innovative ideas helped Airbnb develop a successful business in the peer-to-peer rental space?
-presenting a well-designed website-fortuitous timing that led to growing demand-developing a smooth transaction between hosts and guests...
Read MoreA rise in economic growth is reflected by .
Your Answer correctA rise in economic growth is reflected by Blank______.Multiple choice question.businesses closing operations due to lack of demandbusinesses staying the samebusinesses expanding operations to satisfy demandcorrectCorrect AnswerQuestionbusinesses expanding operations to s...
Read MoreWhich of the following are examples of economic factors in the firm's general environment?
Your Answer correctWhich of the following are examples of economic factors in the firm's general environment? Multiple select question.growth ratescorrectgovernment regulationstechnological advancementsinterest ratescorrectprice stabilitycorrectCorrect AnswerQuestiongrowth ratesinterest ra...
Read MoreWhich factors result from the processes and actions of government bodies that influence the decisions and behavior of firms?
Your Answer correctWhich factors result from the processes and actions of government bodies that influence the decisions and behavior of firms?Multiple choice question.technologicalpoliticalcorrecteconomicprofitableCorrect AnswerQuestionpolitical...
Read MoreManagers are able to influence which of the following types of external forces?
Your Answer correctManagers are able to influence which of the following types of external forces? Multiple select question.currency exchange ratesstrategic group compositioncorrectthe structure of their industrycorrectinterest ratesCorrect AnswerQuestionstrategic group compositionthe stru...
Read MoreWhich of the following statements about Airbnb is correct?
Your Answer correctWhich of the following statements about Airbnb is correct?Multiple choice question.It operates only in North America and Europe.It handles more accommodations than the three biggest hotel chains combined.correctIt was founded before the Internet was created.It was spun off as...
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