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jasenka [17]
3 years ago
15

Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external

environment’. Do you agree or not? Justify using practical examples (9 marks)
Business
1 answer:
WARRIOR [948]3 years ago
3 0

Answer:

Yes, I agree.

Find explanation below.

Explanation:

The external environment of a business simply refers to the factors found outside the business which can have a profound effect on it. There are basically two types of external environments, namely;

1. The directly interactive which has a direct impact on the business. Examples include, business owners, the customers, contractors, and competitors.  

2. Indirectly interactive whose impact on the business is not immediate. Examples include, the political , socio-cultural, economic influences among others.

Practical Examples:

1. Customers play a crucial role to the running of businesses. Managers must take care to listen to the concerns of the customers and attend to their needs urgently. For example, if a customer complains about his dissatisfaction with a style of service, managers should endeavor to address the concern to avoid losing the customer.

2.Political: Government rules and regulations have an impact on businesses because, not adhering to them could lead to sanctions and even closure of the business. Managers must ensure that they heed to and comply with governmental instructions, such as tax payment.

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A country finds itself in the following situation: a government budget surplus of $900; total domestic savings of $200, and tota
sweet [91]

Answer:

The current account balance goes from a $200 deficit, to a $100 surplus.

Explanation:

There are several ways to write the national saving and investment identity. We can choose to write it in this way:

(X - M) = S + (T - G) - I

Because the equation is an identity, we know that the left side of it (X - M) will always be equal to the right side (S + (T - G) - I), on which we wil be focusing.

With the initial values provided by the question, we have the following situation:

(X - M) = $200 + $900 - $1,300

(X - M) = $1,100 - $1,300

(X - M) = -$200

Thus, we have a deficit of $200

If investment decreases by $300, while the government budget, and savings remain the same, the situation changes:

(X - M) = $200 + $900 - $1,000

(X - M) = $1,100 - $1,000

(X - M) = $100

So now we have a surplus of $100

5 0
3 years ago
An investor is in the 28 percent federal tax bracket and pays a 9 percent state tax rate and 4 percent in local income taxes. Fo
Crazy boy [7]

Answer:

Corporate bond pay = 10.169%

Explanation:

Given:

Federal tax = 28%

State tax = 9%

Local income tax = 4%

Municipal bond pay = 6% = 0.06

Corporate bond pay = ?

Computation of Corporate bond pay :

Total taxes rate = 28% + 9% + 4%

Total taxes rate = 41%  = 0.41

Corporate bond pay = Municipal bond pay / (1-total tax rate)

Corporate bond pay = 0.06 / (1-0.41)

Corporate bond pay = 0.06 / (.59)

Corporate bond pay = 0.10169

Corporate bond pay = 10.169%

8 0
3 years ago
While Ken appreciates that as a result of his communication-based self improvement plan he will be a better person, he knows tha
ololo11 [35]
While Ken appreciates that as a result of his communication-based self improvement plan he will be a better person, he knows that the greatest benefit will be to ______.

b. Become a more effective worker

6 0
3 years ago
Read 2 more answers
The financial statements of Vaughn Manufacturing Company report net sales of $643100 and accounts receivable of $92000 and $2600
Sloan [31]

Answer:

The correct answer is 10.9 times.

Explanation:

According to the scenario, computation of the given data are as follow:-

Average account receivable = (Opening account receivable + Closing accounts receivable) ÷ 2

= ($92,000 + $26,000) ÷ 2

= $118,000 ÷ 2

= $59,000

We can calculate the account receivable turnover by using following formula :-

Accounts receivable turnover = Net sales ÷ Average Account receivable

= $643,100 ÷ $59,000

= 10.9 times  

3 0
3 years ago
I WILL MARK BRAINLIEST IF CORRECTHow does the value of the cars produced by the Japanese company within the United States impact
goblinko [34]

Answer:The value of cars produced by a Japanese company are part of United States Gross Domestic Product (GDP) as long as the cars are produced in a factory located within U.S. territory.

The reason why is that GDP includes the final value of all goods and services produced within a country, during a specific period of time (usually a year). If the cars are produce in U.S. territory, they are counted as part of U.S. GDP, even if the company is from Japan or any other country.

Explanation:

8 0
2 years ago
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