Managers need to be updated on what effects might the changes in environmental forces may bring in the organization and must be ready to face challenges and address issues intelligently and strategically to achieve better results.

If the manager is thinking of expanding the business internationally which among the dimension of general environment is important to scan?

People in the environment who can be hired to work for the organization.

XYZ Corporation monitor and evaluate their internal and external environment every 3 months. What mode of environmental scanning XYZ Corporation use?

In this economic phase, the businessmen understood the value of investing in machinery and equipment, the production and distribution became mechanized.

This type of business organization has a legal entity whose assets and liability are separate from those of its owners.

School, parlor and spa are all example of what classification of business?

ABC Company donates to charitable institutions, what is the element of social responsibility the company tried to comply?

These are the moral principles and norms that businesses follow in their dealings. It establishes moral guidelines for all types of company operations.