EXTERNAL ENVIRONMENT Definition

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EXTERNAL ENVIRONMENT is factors (conditions, trends, and forces) essentially outside the control of organizational members. External environmental scans are conducted to identify important factors in the external environment. This analysis is often a critical aspect in all business or strategic plans.

Learn new Accounting Terms

FREIGHT OUT is the handling, packaging, and shipping costs of product; normally considered a selling cost.

EARNED INCOME is that income realized by the provisioning of goods and services.

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