Read the following statement and select the term that matches.

Ally Bank has more than $95 billion in customer deposits but has no brick-and-mortar locations. The bank provides high levels of

aliina [53]

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.

learn more about competitive factors as part of the external environment here<u> brainly.com/question/15071676</u>

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3 0

2 years ago

Sove 3logx + 5 is equal to 8

e-lub [12.9K]

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$3 log(x) + 5 = 8$

Subtract sides 5

$3 log(x) + 5 - 5 = 8 - 5$

$3 log(x) = 3$

Divide sides by 3

$\frac{3 log(x) }{3} = \frac{3}{ 3} \\$

$log(x) = 1$

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<em>Remi</em><em>nder</em><em> </em><em>:</em><em> </em>

$log_{a}(x) = b$

$x = {a}^{b}$

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Thus ;

$log_{10}(x) = 1$

$x = {10}^{1}$

$x = 10$

Done...

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8 0

4 years ago

What are the importance of customer service to a bank?

anastassius [24]

<span>Customer service is an important, but broad concept in the banking industry. In essence, banks are service-based businesses, so most of their activities involve elements of service. While they do sell banking and financial products, there is often little tangible product variation among their offerings. Customer service managers generally deal directly with service issues, but several other common banking jobs involve service.

hope this helps you</span>

7 0

4 years ago

You just won a lottery - congratulations! your parents have always told you to plan for the future, so since you already have a

Reika [66]

We don't know how much they won..

8 0

3 years ago

Once a week, Smith purchases a six-pack of cola and puts it in his refrigerator for his two children. He invariably discovers th

MArishka [77]

Answer:

Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.

Explanation:

Cost-benefit analysis is defined as a method to estimate all the costs involved and possible profits that can be achieved in a business opportunity.

Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.

So, at Smith's house, there's always a chance that one of the siblings will drink the cola before the other.

Therefore,

cola can lasts much longer at Jones's house than at Smith's.

4 0

3 years ago