External factors such as jobs and prices of natural resources are important factors that can affect organizational decisions.

Question

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External factors such as jobs and prices of natural resources can have a significant impact on an organization's decisions. For example, if the cost of a key natural resource used in the organization's production process increases significantly, it may need to explore alternative materials or adjust its pricing strategy. Similarly, if the job market is highly competitive, the organization may need to offer more competitive compensation packages or invest in employee development programs to attract and retain top talent.

External Factors Such as Jobs and Prices of Natural Resources