These illustrations highlight the influence of competitive elements as a component of the external environment.
<h3>Is competition a part of the external environment?</h3>
By definition, the external environment includes all external forces and influences that have an impact on how businesses operate. Competitive, political, technological, and economic issues are included in the business environment variables.
<h3>What does external competition entail?</h3>
A business competes and operates in a dynamic external system known as a competitive environment. The marketplace in which you compete will be more competitive the more vendors there are of a given good or service.
<h3>Which elements influence the competitive environment?</h3>
From a microeconomics perspective, there are five fundamental variables that might affect competition: the characteristics of the product, the number of sellers, entrance barriers, the accessibility of information, and location.
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Answer:
Knowledge worker
Explanation:
Knowledge worker indicates the specification in a particular field. It also refers that when a person does a specific task, shows the speciality in it.
Therefore according to the given scenario Asian countries is affecting with a virus and a pharmaceutical company want to create a drug with the help of scientists who already research on the virus. Here, the company will use their expertise so that they can create the drug which indicates the knowledge worker.
Answer:
Positioning: The final step is to position your product in a way that will appeal to the needs of your target audience and encourage them to buy your product.
Answer:
The options for this question are the following:
a. reason for purchase
b. buyer mood or condition
c. social surroundings
d. time considerations
e. physical surroundings
The correct answer is c. social surroundings.
Explanation:
The social surroundings of a subject is formed by their living and working conditions, the studies they have completed, their level of income and the community of which they are a part. Each of these factors influences the health of the individual: therefore, globally, differences between the social environments of different countries create disparities in health.
In this way, life expectancy and disease rates vary according to the education the person has received, the type of work they do and the income they receive month by month.
Government agencies often develop various plans to improve the social environment (that is, to provide the right conditions for the full development of the subject). Among the objectives proposed by this type of initiative are the creation of jobs, the improvement of quality and safety in the workplace, the mass access to social benefits and the increase in financing to attend the poorest regions.
Answer:
Machine K
Explanation:
The values can be better computed as:
Year 0 1 2 3
J 11000 1200 1`300
K 13000 1200 1300 1400
Using the PV Calculator
The Present Value (PV) for each year in Machine J is as follows:
Cashflow Year Present Value
11000 0 11000
1200 1 1085.97
1300 2 1064.68
Total 13,150.65
The effective annual cost = 
= $7628.16
Using the PV Calculator
The Present Value (PV) for each year in Machine K is as follows:
Cashflow Year Present Value
13000 0 13000
1200 1 1085.97
1300 2 1064.68
1400 3 1037.63
Total 16,188.28
The effective annual cost =
= $6566.92
Therefore, machine K is better to buy than machine J.
