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Ch 1: The Dynamic Business Environment: Help and Review

About This Chapter

The Dynamic Business Environment chapter of this College-Level Introduction to Business Help and Review course is the simplest way to master the dynamic business environment. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of the dynamic business environment.

Who's it for?

Anyone who needs help learning or mastering college-level business material will benefit from taking this course. There is no faster or easier way to learn college-level business. Among those who would benefit are:

  • Students who have fallen behind in understanding the nature of business or working with entrepreneurship and the economy
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning business topics (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about the dynamic business environment
  • Students who struggle to understand their teachers
  • Students who attend schools without extra business learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing The Dynamic Business Environment chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use The Dynamic Business Environment chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any business environment question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in a Dynamic Business Environment unit of a standard college-level introduction to business course. Topics covered include:

  • How the economic and legal environment affects business
  • How the technological environment affects business
  • How the competitive environment affects business
  • How the global business environment affects business
  • Understanding business trends

18 Lessons in Chapter 1: The Dynamic Business Environment: Help and Review
How the Economic and Legal Environment Affects Business

1. How the Economic and Legal Environment Affects Business

Businesses do not operate in a vacuum. They are subject to their external environments. In this lesson, you'll learn about the legal and economic environments of business and how businesses are affected by them.

How The Technological Environment Affects Business: Examples & Effects

2. How The Technological Environment Affects Business: Examples & Effects

Technology affects all of us. Technology can catapult a business to success or destroy it. In this lesson, you'll learn about technology, technological change, and creative destruction. A short quiz follows.

How The Competitive Environment Affects Business: Examples & Importance

3. How The Competitive Environment Affects Business: Examples & Importance

Competition is essential for the successful operation of a market economy. Competition helps provide the best products and services at the best price. In this lesson, you'll learn about competition and some strategies employed by competitors.

How The Social Environment Affects Business: Examples & Impact

4. How The Social Environment Affects Business: Examples & Impact

Businesses operate in a society. In fact, large organizations are mini-societies unto themselves. In this lesson, you'll learn some of the factors that make up the external and internal social environment of a business.

How The Global Business Environment Affects Business: Explanation & Examples

5. How The Global Business Environment Affects Business: Explanation & Examples

The world is becoming smaller. As globalization continues, businesses will be presented with opportunities and face challenges. In this lesson, you'll learn about some of these challenges and see how businesses can meet them.

What Is a Flat Structure in an Organization? - Definition, Advantages & Disadvantages

6. What Is a Flat Structure in an Organization? - Definition, Advantages & Disadvantages

In this lesson, we'll define what organizational structure is, and explain some terms used to describe it. Then we'll cover the characteristics of the flat organizational structure, and discuss its advantages and disadvantages.

Consumer-to-Consumer (C2C) e-Commerce: Definition, Business Model & Examples

7. Consumer-to-Consumer (C2C) e-Commerce: Definition, Business Model & Examples

Consumers have a growing number of opportunities to engage in electronic commerce with each other. Learn about how consumer-to-consumer e-commerce works and take a quiz to test your knowledge.

First-Mover: Advantages, Disadvantages & Examples

8. First-Mover: Advantages, Disadvantages & Examples

Have you ever heard the marketing term 'first mover' and wondered what it meant? Perhaps you are familiar with the term, but would like to learn more about the benefits and drawbacks to being a first mover. Let's take a closer look.

Maximizing Profits in Market Structures: Theory & Overview

9. Maximizing Profits in Market Structures: Theory & Overview

Most businesses open with the intention of achieving high profits. The process of getting there is the difficult part. This lesson is a review of profit maximization in various competition structures. You can follow-up with a quiz.

Mixed Costs: Definition & Examples

10. Mixed Costs: Definition & Examples

In this lesson, we'll look at mixed costs. We'll define variable costs and fixed costs, and we'll look at how the two are related to mixed costs. Afterward, you can test your knowledge with a brief quiz.

Negative Externality: Definition & Example

11. Negative Externality: Definition & Example

In this lesson we will learn about negative externality. We will look at examples and discover who a negative externality affects. The lesson will conclude with a summary and a quiz.

Process Costing: Definition & Examples

12. Process Costing: Definition & Examples

Costing techniques are used to determine how much it costs a company to manufacture a product. Process costing is the method used when comparable products are manufactured. In this lesson, learn what process costing is and how to use this technique.

Economic Constraints: Definition & Concept

13. Economic Constraints: Definition & Concept

There are some things that you just can't control. In this lesson, you'll learn about economic constraints from the perspective of a business, including some of its important concepts. You'll also have a chance to take a short quiz.

Economic Cost: Definition & Function

14. Economic Cost: Definition & Function

Economic decisions are about measuring costs against benefits. In this lesson, you'll learn about economic cost and its function in economic decision-making. You'll also have a chance to take a short quiz after the lesson to reinforce your knowledge.

Economic Incentives: Definition & Examples

15. Economic Incentives: Definition & Examples

What motivates people to work or start a business? In this lesson, you'll learn about economic incentives and related concepts, and be provided some examples along the way. You'll also have a chance to reinforce your knowledge with a short quiz.

Economic Integration: Theory, Levels & Types

16. Economic Integration: Theory, Levels & Types

There has been a trend towards economic integration over the past decades. In this lesson, we'll learn about economic integration, its theoretical basis, and different levels of integration.

The Nature of Business: Raising the Standard of Living

17. The Nature of Business: Raising the Standard of Living

Businesses not only have the ability to create wealth and prosperity for their owners, but also for their employees and society at large. In this lesson, you'll learn about how the nature of business can increase the standard of living for all.

Understanding Business Trends: Past, Present & Future

18. Understanding Business Trends: Past, Present & Future

We can often use past and current trends to predict where we will be in the future. In this lesson, you'll learn about some important business trends occurring right now that may have important consequences to new students and graduates.

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