1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is $25 per pair. As a result, a. the qu
ss7ja [257]

Answer:

d. All of the above are correct.

Explanation:

  • If the current price exceeds equilibrium price, suppliers are willing to sell more units than in equilibria conditions (Qs in the picture below) , and consumers are willing to buy less units than in equilibria conditions (Qd in the picture below), as shown in the graph that has been attached.
  • Then, quantity supplied is greater than quantity demanded (Qs>Qd).
  • Equilibrium quantity (Q* in the picture) exceeds quantity demanded at $30 price (Qd in the picture), which is related to the decreased in quantity demanded when prices increases: in equilibrium prices are lower than $30, then consumers are willing to buy more.
  • Because quantity supplied is greater than quantity demanded, there is a surplus of blue jeans at $30 price (the different between the amount that consumers are willing to buy and the amount suppliers are willing to sell is positive, and its magnitude equals the surplus of blue jeans).
  • See picture attached.

8 0
3 years ago
Lopez, Cruz, and Perez are partners and share net income and loss in a 7:3:1 ratio (in ratio form: Lopez, 7/11; Cruz, 3/11; and
Debora [2.8K]

Answer:

31 Dec

Dr Perez capital 1300

Cr Cash 1300

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital 315

Dr Cruz Capital 135

Cr Cash 1750

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital 385

Dr Cruz Capital 165

Cr Cash 750

Explanation:

31 Dec

Dr Perez capital 1300

Cr Cash 1300

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital (1750-1300/10×7)315

Dr Cruz Capital (1750-1300/10×3) 135

Cr Cash 1750

31 Dec

Dr Perez Capital 1300

Dr Lopez Capital (1300-750/10×7)385

Dr Cruz Capital (1300-750/10×3) 165

Cr Cash 750

3 0
3 years ago
Pacific Packaging's ROE last year was only 3%; but its management has developed a new operating plan that calls for a debt-to-ca
Natalka [10]

Answer: 12.53%

Explanation:

EBIT = $780,000

Interest = $470,000

EBT = EBIT - Interest

= $780,000 - $470,000

= $310,000

Net Income = EBT - Tax

= $310,000 - (35% × $310,000)

= $310,000 - (0.35 × $310,000)

= $310,000 - $108,500

= $201,500

Total assets turnover ratio = 2.8

Total assets = $10,000,000/2.8

= 3,571,429

Debt ratio = 55% = 0.55

Debt/Total asset = 0.55

Debt/3,571,429 = 0.55

Debt = 0.55 × 3571429

= 1,964,286.4

Equity = 0.45 × 3571429

= $1607143.5

Return on equity = Net income/Equity

= $201,500/$1,607,143.5

= 0.1253

= 12.53%

The company's return on equity will be 12.53%.

6 0
2 years ago
Managing proactively instead of reactively is an example of which of the following?
lubasha [3.4K]

Answer:

good macromanagement

Explanation:

3 0
3 years ago
Read 2 more answers
Which statement best summarizes the law of demand ?
miskamm [114]

Answer:it’s D

Explanation: Just answered it

5 0
3 years ago
Other questions:
  • You currently manage Cody’s investment portfolio. He provided you with the following information for the beginning and the end o
    14·1 answer
  • With only a​ part-time job and the need for a professional​ wardrobe, Rachel quickly maxed out her credit card the summer after
    11·1 answer
  • What does the saying lottery in june corn be heavy soon hint at?
    7·1 answer
  • As a Customer Relations Specialist, Kendra must deny a customer's request for a cash refund. In her message to the customer, Ken
    10·1 answer
  • An advantage of obtaining long-term funds by issuing additional stock, instead of issuing bonds is? Multiple Choice 01:22:21 - O
    7·1 answer
  • Top Ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. What would happen to
    6·1 answer
  • Which of the following statements is generally true about arbitration? Group of answer choices Courts may set aside an arbitrati
    7·1 answer
  • Can you give me the pin of GECU so I could sign up please and thank you? Take your time please and thank you
    13·1 answer
  • Tony is most nervous about doing a good job delivering the information that he has, so his concerns relate to the
    5·1 answer
  • Identify something you buy or sell that could be bought or sold using an auction. How would you run the auction? Do a benefit-co
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!