The strategically relevant factors outside a company\'s industry boundaries—econ

Q: The strategically relevant factors outside a company's industry boundaries—econ

The correct answer is "a company's "macro-environment." External environment of an organization or the macro environment refers to the factors that are external to the organization that has direct and indirect impact on the functioning of the organization. The directly interactive forces of external environment: - 3. The indirectly interactive forces of the external environment: -

ID: 390063 • Letter: T

Question

The strategically relevant factors outside a company's industry boundaries—economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions—are known as

Multiple Choice

the industry and the competitive arena in which the company operates.

general economic conditions plus the factors driving change in the markets where a company operates.

a company's "macro-environment."

the competitive market environment that exists between a company and its competitors.

the dominant economic features of a company's industry.

Explanation / Answer

The correct answer is "a company's "macro-environment."

External environment of an organization or the macro environment refers to the factors that are external to the organization that has direct and indirect impact on the functioning of the organization.

The directly interactive forces of external environment: -

3. The indirectly interactive forces of the external environment: -

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The strategically relevant factors outside a company\'s industry boundaries—econ

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