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Environmental Scanning
Environmental scanning allow managers to take advantage of changes within their industry. If they don't scan the environment, they may find that their competitors took advantage of opportunities and it left their business at a disadvantage.
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Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
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If nothing else, a basic understanding of financial management goes a long way when making important decisions about your personal finances. By educating yourself, you become an educated consumer who will make decisions based on the actual factors involved and not what a salesman at a brokerage firm tells you.
List three factors that affect budget resource allocation decisions of managers provide appropriate examples for each of these three factors?
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how do push factors and pull factors explain people's decisions to migrate
What factors might influence kyleβs decisions to jump