Rodney Willis Project 1 Business Environment

Project 1: The Business Environment
Answer the following questions in an essay format, i.e., define and explain your answers. Use all of your
wonderful knowledge from the text, notes, Power Points, and Internet to complete this task.
Your work must be completed in a Microsoft Word or PDF file and uploaded back to me by the due date.
Value for this project is 200 points.
1. The Business Environment is composed of five components: economic and legal, technological,
competitive, social, and global environments. Define/explain each of these environments.
(Chapter 1)
2. Explain how a free market economic system works. (Chapter 2)
3. Identify and explain the four forms of competition related to the U.S. Economy. (Chapter 2)
4. List and explain the Key Economic Indicators to the U.S. Economy. (Chapter 2)
5. Define/explain the phases of the Business Cycle. (Chapter 2)
6. What do you consider the most important economic challenges that will face people in the
United States in the next 10 years?
7. List the countries associated with BRIC; do some online research, and discuss the economic
strengths of each country.
8. Explain the six strategies (licensing, exporting, franchising, contract manufacturing, international
joint ventures, foreign direct investment) for reaching global markets. (Chapter 3)
9. List and explain the forces affecting trading in global markets. (Chapter 3)
10. List and explain the three questions you should ask yourself when facing an ethical dilemma.
(Chapter 4)
11. Define/explain the concept of corporate responsibility. (Chapter 4)
12. Do some research on Disruptive Technologies. Define the term and give some examples of
how disruptive technologies have changed and will change the business environment in which we
• To receive full credit for this project, you should explain each answer in detail. Use your textbook,
notes and Internet research to complete this project. Remember, one sentence answers will not
receive much credit for this assignment.
• Important. Examine the Example of How to Format your Project that I have provided for you, as
the formatting of your project will be a determination of your grade
• Project should be a minimum of 1,200 words, Less is not automatic failing, but more is better
• Number each of your answers and use topic headings if possible
• Document must be sent in either a Microsoft Word Format or PDF file
• Include a title page that includes your name and title of the project
• Save your project with your name in the file name.
o Example: Randy Saleh Project 1 Business Environment would be my filename
• Assume that you will deliver this project to a Senior Vice President of the organization that you
would like to be employed. This is the type of quality that should go into this assignment.
Review the Grading Rubric and Example of Formatting your Projects link that I have
provided for you.
• If you will answer three questions per week, you can easily finish this project stress-free by the due date!

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