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5.03 test correction

QuestionAnswer
The two main divisions of the trade industry are: Wholesalers and retailers
Which affects the business environment because it provides the most options for customers? global competition
Which situation would most likely indicate the need to adapt to changes in the business environment? The supply of materials used in manufacturing a product has decreased.
Which factor has aided the most in creating a global business environment? technology
Which is an example of an economics factor that affects the business environment? business cycle
One reason why many small businesses develop an organizational design that requires a board of directors is because a board usually: Provides experience that increases the business's credibility
Created by: E.brooks
 

 



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