How Do External Environments Impact a Business?
You are applying for a position in your chosen career (please decide the type of position based on your career goals). You really want to impress your future boss with your knowledge of business because you realize that demonstrating that understanding will give you an advantage over the other applicants. You have studied the external business environments, the importance of demonstrating the value of the product or service, and the impact of supply and demand. If hired, you understand how each of those concepts will relate to the success of your potential company, and you feel prepared for your interview.
While the interview seems to be moving along at warp speed, you suddenly are asked the following question:
In this type of business, we are impacted by many external environments that can create challenges. Of the six external environments, which two do you see as creating challenges for this company, and how would you deal with those challenges if you were hired for this position?