Answer
B. Analyzing the external environment
Explanation:
The action of Procter and gamble can be classified as analyzing the external environment.
The external environment of a business are those factors outside the business organisation that is capable of influencing the decision and actions. The external environment factors includes economic factors, competitors, social - cultural factors etc.
The action of Procter and gamble of assessing the strength and weakness of his competitors prior to its entrance into the Eastern European market will assist the firm to identify the opportunities that it can leverage on in terms of the weakness of its competitors and and how well it can best improve its own services in other to match or surpass the strength displayed by its competitors
The answer is true. Individuals who need to work for themselves frequently like to work their business, at any rate at first, as a sole proprietorship. Leeway of the sole proprietorship is that it is a generally simple and cheap type of business to set up. One disadvantage of a sole proprietorship is that the proprietor has boundless obligation. Notwithstanding, right now, Eric isn't stressed over hazard. The boundless risk factor does not seem, by all accounts, to be an issue for him.
Answer:
d. All people respond better to visual information than text.
Explanation:
- Visualization refers to an image of an object, situation or event, or any chart in the human mind. Visualization is the creation of a mental image of an object, image or situation in one's mind.
- Visualization is important in providing creative ideas to customers. It helps users understand the message. Humans respond and process visual data more appropriately than other data.
- The human brain processes images faster than texts, and most of the information transmitted to the brain is visual. Therefore, people respond better to visual information than text.
Answer:
B. Improved adjustment to technological changes.
Explanation:
Vertical Integration: It is a strategy to gain competitive advantage by taking complete control over a few stages of production or distribution. The company implements vertical integration to reduce the cost of production, reduce dependence on others, improve the quality of the product, etc.
In the given case, the company pursuing vertical integration can gain market power over its competitors through improved quality, reduction in cost, and reduction in operation cost, however, it does not improve adjustment to technological changes.
Answer:
demographic trends
Explanation:
Demographic trends cover statistics such as age, gender, religion and socioeconomic class.
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