BUS 200 Study Guide - Quiz Guide: Business Process, Business Process Management, Share Repurchase

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 200
• Professor: All

Document Summary

Large business firms are heavily influenced by events in the external environment, but small business firms are much less influenced. Most organizations have a single environment, but some have multiple environments they must cope with. The major elements of the external environment are marketing, finance, production, and human resources. The most important features of the external environment are the political and social aspects. Answer: no single firm can control the environment: distributors who are in a grocery store restocking shelves are normally considered part of the ________ rather than the. ________. environment; culture organization; environment culture; store environment; organization none of these are correct. Answer: environment; organization: a(n) ________ separates the organization from its environment. organizational boundary process boundary enterprise resource aggregate output integration. Mcdonald"s will pay much higher prices for supplies and will charge customers more for its products. Mcdonald"s will pay higher prices for supplies and will charge customers more for its products.