Aims to take full control of a specific market and neglects all others

It focuses on companies that do not have a large market share and purchases them.

It aims to produce a certain product at the highest level of quality possible.

It focuses on specific groups of consumers rather than trying to compete for the entire market.

It can improve productivity.

It's always good for everyone.

It can create new markets.

It can reduce costs.

Terrorism

Tariffs

War

Economic integration

Macroeconomic factors focus on unemployment, inflation and taxes, while microeconomic factors deal with individual decision-making.

Macroeconomic factors focus on consumer preference, while microeconomic factors focus on monetary policy and regulating the amount of money present in the economy.

Macroeconomic factors focus on the local economy, while microeconomic factors focus on the world economy.

Macroeconomic factors focus on the desires of the individual, while microeconomic factors determine the supply and demand required.

Severance packages for senior management

Office space

Standard operating procedures

Fiscal policy that affects export

It allows a business to reduce their liability risk and to identify issues that require a lawyer's help

It helps a business avoid being fined for violating the law

It helps because there is no one-size-fits-all set of laws that applies to every business

All answers are correct

It causes the prices to not be impacted by inflation

It causes the prices to decline

It causes the prices to skyrocket

It causes the prices to stagnate

Produce products of highest possible quality, leading the market

By producing products below their market value

By producing a small number of products that are sold at very high prices

By producing goods or services at a lower cost; thus, gaining a competitive advantage

When it costs the same to manufacture a product as his competitor

When a competitor has the same marketing campaign as Rich

When the perceived difference between his products and competitors is important to consumers

When a competitor makes the same product as Rich

A perfectly competitive market

A monopoly

An oligopoly

An Imperfect market

Multiple firms in a market where all actors have information required to make a rational decision.

A significant number of firms competing in a market with undifferentiated goods or services.

A relatively small number of firms competing in a market with differentiated goods or services.

Firms competing in a market where everyone produces the same good or service.

Culture

Groupthink

Innovation

Laissez-faire leadership

The elderly

Millenials

Employee who practice Christianity

White males

Businesses are required by federal law to hire a certain quota of women and minorities.

Businesses with a diverse workforce are still able to maintain the corporate status quo.

Businesses can save money by paying women and minority employees less and promoting them less often.

Businesses are strengthened when they integrate the values and beliefs a diverse workforce offers.

A business does not need to adapt to its external social environment in order to survive.

A business has absolute control over both its internal social environment and external social environment.

A business must enforce its internal social environment over its external social environment to survive.

A business has more control over its internal social environment than external social environment.

Development of online based processes to reach as many people as possible

Application of knowledge to the world to affect the environment by controlling or changing it

Development of electronic based products based on consumer demand

Expansion of scientific knowledge through research

Technology decline

Creative destruction

Outsourcing

Social awareness

Products and processes

Powered and unpowered

Electronic and non-electronic

Hardware and software

When an old technology re-engineers an old product or process from other old products or processes

When an old technology is used to make improvements in a new product or process without destroying an old product or process

When a new technology creates a new product or process but destroys an old product or process at the same time

When an old software version is replaced by an updated version

An embargo is usually aimed against a country that is a threat to global peace and security, while tariffs are aimed against countries that employ protectionism.

An embargo is when a business' government prevents it from engaging in trade with another country, while a tariff is a tax on imported products.

An embargo encourages multilateral trade, while a tariff focuses on reducing trade exchange on a bilateral level.

An embargo is a trade restriction that sets a limit on a number of products that can be imported from a specific country, while a tariff increases administrative requirements for foreign products.

Because it can help the business satisfy specific consumer preferences

Because culture dictates the level of taxes a country will implement

Because it can help the business understand their competition

Because it will help them predict whether inflation will be high

To make domestic producers more competitive

To increase the number of administrative restrictions on foreign products

To prevent trade with another country

To increase the number of foreign products on the market

Marketing expenditures

Environmental scanning

Dealing with import quotas and tariffs

Cultural differences

The effect of global imports imports

The high costs of marketing

An increase in demand for Italian food

Low-interest rates on small loans

Perfect competition

Oligopoly competition

Monopolistic competition

Imperfect competition

Groupsync, because they are staying with their original plan.

Groupthink, because they are placing group cohesion first.

Groupspeak, because they are collectively making decisions.

Groupon, because they are developing a new product.

Technology decline

Creative destruction

Outsourcing

Social awareness

A microeconomic environment

A legal environment

A macroeconomic environment

An internal environment

Partner with local shops to sell her candy

Try and develop a niche product instead

Enter right into the global market

Form a subsidiary company for the target market