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Why is it important for managers to understand the external environment?

These are reasons why managers should be well conversant with the external environment.

Answers

Esther
1.To understand how competition affects their business.
2.To understand how government regulations affect their business.
3.To understand how advance in technology affect their operations.
4.To understand how political and economic concerns can affect their business.
5.To understand the labour force.
Estrellah W answered the question on June 3, 2019 at 11:19

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