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Stack #4642420
| Question | Answer |
|---|---|
| Brand competition | competition between two similar proudcts |
| business cycles | periods of expansion and contraction in economic actititves |
| carbon footprint | a mesasure of the impact of human activity on the environment |
| competition | the rivalry between two or more businesses to attract scarce customer dollars |
| culture | the customs habits and traditions of a particular group of people |
| demographics | the physical and social charactistics of the population |
| dynamic | changing changeable able to changed |
| economy | the system in which people make and spend thier incomes |
| environmental | surrounding |
| environmental scanning | collecting information about the enviroment surrounding your business |
| exchange rate | the price or value at which one currency can be converted to another |
| external environment | a business external uncontrollable surrounding consists of elements such as demographics |
| financial planner | a professional who specializes in helping people with personal financial matter |
| fiscal policy | the gov policy that sets levels of gov spending and taxation |
| general competition | competition among all businesses for scarce customer dollars |
| inflation | a rise in prices that may occur when demand exceed supply or when productivity declines and cost od labor go up |
| information | knowledge facts or data |
| information overload | communication that is too much and ot comes too fast to process at one time |
| internal environment | a business internal controllable surrounding consists of elemnts such as finaces |
| interrelated | having an effect on depending upon one another |
| investor confiden | the attitudes of investors toward risk |
| market research | the systematic gathering recording and analyzing of date about a specific issue |
| marketing campaign | a business organized efforts to promote a certain product or line of prodcts |
| monetary policy | the gov policy thatdetermines the amount of money that will be in circulation |
| opportunity | a favorble situation in the environment surrounding your business |
| political climate | gov enionment |
| political stability | the degree towhich a gov is free from turmoil |
| prosperity | a siate of economic growth |
| recession | a state of economoc decline |
| recovery | a period of time in which an economy grows from recession to prosperity |
| sicial and cultural attitudes | the belief and feelings or people in a society that cause them to act in certain ways |
| society | a group of individuals who share an environment |
| strategic planning | long range planning three to five yrs fo the company as a whole |
| strength | an resource or capability your business has that can help you gain a competitive advantage in your industy |
| subsidy | gov financial help given to a business |
| substitute products | goods and or services that can be uesd to place of other |
| tactics | specific actions that will be uesd to carry out starategies |
| threat | any unfavorable situation in the environment surroundig your business |
| unemployment rate | the percentage of the labor pool that is currently seeking but unable to find work |
| zoning rehulations | law giverning the use of land |
Created by:
nykeeia.j352