Factors Affecting the Business Environment

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Across
  1. 4. scanning: Collecting information about the environment surrounding your business
  2. 9. environment: A business’s external, uncontrollable surroundings; consists of elements such as demographics, society and culture, the economy, competition, government, and technology; forces operating outside a business that affect its chances for success
  3. 10. The system in which people make and spend their incomes
  4. 11. responsibility: The duty of business to contribute to the well-being of society
  5. 12. The physical and social characteristics of the population
  6. 15. Acquiring assistance from outside organizations/consultants to obtain goods or services to accomplish business objectives or perform primary business activities
  7. 16. The rivalry between two or more businesses to attract scarce customer dollars
  8. 17. A rise in prices that may occur when demand exceeds supply or when productivity declines and costs of labor go up
Down
  1. 1. A practice in which a person or group attempts to influence lawmakers to pass or block certain legislation
  2. 2. Business Bureau (BBB) A consumer-action agency that collects and disseminates information on business reliability and alerts the public to potential fraud situations; a consumer organization that monitors complaints against businesses
  3. 3. item: A product that is wanted but not needed
  4. 5. Monies that individuals or businesses must pay to the government
  5. 6. The customs, habits, and traditions of a particular group of people
  6. 7. Scientific applications to business objectives or the methods used to attain those objectives
  7. 8. Changing; changeable (able to be changed)
  8. 13. The knowledge, ability, and willingness to adjust your opinions and behaviors so that you value and are sensitive to people and ideas from other cultures
  9. 14. The rapid and unimpeded flow of capital, labor, and ideas across national borders