Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

External environment consists of general environment, industry (or task environment), and competitor environment. Which one is NOT correct with regard to these three environments?

image text in transcribed

External environment consists of general environment, industry (or task environment), and competitor environment. Which one is NOT correct with regard to these three environments? O a. The events that occur in the general environment can be either an opportunity or a threat depending on the extent to which a firm is prepared for. O b. Competitors who immediately affect your firm are a single force that determines the earnings of your firm in the industry. c. The events that happen in the general environment will indirectly affect your firm through industry and competitor environment. d. Demographic segment of the general environment includes a population's size, age structure, and ethnic mix. Clear my choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Competitiveness and Globalization, Concepts and Cases

Authors: Michael A.Hitt, R.Duane Ireland, Robert E.Hoskisson

11th edition

978-1285425177, 1285425170, 978-1305200333, 978-1285425184

More Books

Students also viewed these General Management questions