(BOOST YOUR GRADES FOR 2024 EXAMS)- WGU C483 - Principles of Management: Ch 2 Questions and answers, 100% Accurate. VERIFIED.

WGU C483 - Principles of Management: Ch 2 Questions and answers, 100% Accurate. VERIFIED. Why is it important for managers to understand the environmental forces that act upon their organizations? - -Without this understanding, organizations tend to miss opportunities or make poor decisions. Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? - -competitve environment Michael Porter, a noted authority on strategic management, said that successful managers - -act in ways that shape or change the organization's environment. The internal environment includes - -culture and climate. Which of the following is a demographic factor of an organization's macroenvironment? - - employees' ages Which of the following is a macroenvironmental factor that can affect an organization? - -economic recession Marco, the owner of a struggling flower and gift shop called Bloom, wants to review his company's processes and has decided to do a benchmarking study. What actions would you expect Marco to perform? - -identifying best practices of the competition and comparing to his own busi