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BUS 201 (122)
Chapter 2

BUS 201 Study Guide chapter 2.docx

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Department
Business Administration
Course
BUS 201
Professor
Peter Tingling
Semester
Fall

Description
BUS 201 Study Guide - Chapter 2: The Environment of Business Organizational Boundaries and Environments External environment – everything outside an organization’s boundaries that might affect it Organizational boundary – What separates the organization from the environment Economic environment – conditions of the economic system in which an organization operates Aggregate output – total quantity of goods and services produced by an econom
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