Question : SHORT ANSWER 1.Briefly differentiate between the external and internal environments that : 1418423

SHORT ANSWER

1.Briefly differentiate between the external and internal environments that companies face and explain why these environments are important.

2.Briefly define and explain the relationship between environmental change, complexity, uncertainty, and resource scarcity.

3.Compare and contrast the general environment with the specific environment faced by a company.

4.Briefly identify the two predictors of future economic activity that are available to managers for decision making. Specify which one manager’s typically prefer.

5.Identify and provide examples of the two important ways in which socio-cultural changes and trends influence organizations.