Question: A- dynamic

B- pace of change

C- complex

D- number of factors that are changing

E- scarce

Answer: At EA Sports, the environment is A because of the B and C because of the D Resources are E

Question: Environmental Change

Answer: ___________ It is important to know how quickly the environment is changing, because this tells you whether the decisions you make today are likely to hold true tomorrow.

Question: Environmental Uncertainty

Answer:

Question: Resource Scarcity

Answer: ______________ It is important to know if resources are abundant or scarce. When resources are scarce, it is more difficult to predict their availability and cost.

Question:

Answer: The managers at EA Sports are facing conditions of __________ uncertainty. This means that it will be __________for them to make strategic decisions about the types of products the company will offer in the future.

Question: Technical

Deep-sea submersibles incorporate new technology, and their introduction had a huge impact on underwater drilling.

Answer:

Question: Sociocultural

When people move from one location to another, a demographic shift occurs, changing the environment for all organizations. It is not an international dimension because people are staying within one country.

Answer:

Question: Legal-political

President Obama could place a moratorium on drilling because of his political power as an elected official.

Answer:

Question: supplier

The supplier component of the specific environment consists of companies that provide material, human, financial, and informational resources to other companies.

Answer: After British Petroleum’s (BP) 2010 oil spill, BP required that vendors meet its qualification criteria, which include environmental and ethical standards. This impacts the _________ component of BP’s specific environment.

Question: customer

The customer component of the specific environment represents the people or companies who purchase products and services. For Keany, Sweetgreen is a customer and their demands may change how Keany grows their greens and vegetables.

Answer: Keany Produce Co., a family-run produce farm in Maryland, provides organic greens and vegetables to Sweetgreen, a salad restaurant. Sweetgreen requires sustainable raw ingredients. For Keany, Sweetgreen impacts the _____________ component of its specific environment.