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Comprehensive
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Comprehensive Business
Comprehensive
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– Study
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,Comprehensive Business Management and Economics Review for Students.pdf Comprehensive Business Management and Economics Review for Students.pdf Comprehensive Business Management and Economics Review for Students.pdf
1 Quick-Service Restaurants 2 Casual Restaurants
3 Full-Service Restaurants 4 Airport Restaurants
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Terms in this set (200)
Manager-Led Teams A manager defines goals and oversees
team activities.
Self-Managing Teams Teams have most of the autonomy and
manage their own activities, but typically
can't set goals.
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Virtual Teams Members are geographically dispersed and
collaborate through digital means.
Cross-Functional Teams Bring members together from different
departments to leverage diverse expertise
and to achieve a shared goal.
Macro Environment The broad, external world around a
business that affects how it operates — but
that the business cannot directly control.
Political Factors Debates being made prior to legal changes
(government policies, taxes, tariffs,
regulations).
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Economic Factors Influences buying power and resource
access (how the economy stands, inflation,
interest rates, consumer spending).
Sociocultural Factors Cultural norms, demographics, and values
(societal wants, trends, behavior, lifestyle
changes, boycotting/people's responses).
Technological Factors Innovations that impact operations and
efficiency (ecommerce, social media,
innovation, AI, new tools, automation).
Environmental Factors Natural resources, pollution, supply, climate
change, sustainability.
Legal Factors Government rules and regulations that
affect businesses (laws, politicians, child
labor).
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