Question: 1. Why do many companies choose to have their goods manufactured overseas, where labor costs are low? Is this just good strategic thinking, or are their ethical issues involved as well? Use specifics to explain.
2. Discuss and describe the six elements of the external environment.
3. Internet research: Imagine yourself as a CEO of a large company in an industry in which you are interested.
- Please identify the major trends in the general environment.
- Analyze their impact on the firm and,
- Identify major sources of information to monitor these trends.