The Factors Beyond the Control of the Firm That Influence

question 31

Multiple Choice

The factors beyond the control of the firm that influence its choice of direction and action,organizational structure and internal processes refers to

• A) Directional strategies
• B) External environment
• C) Organizational processes
• D) Internal environment

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Definitions:

Cyrus McCormick

An American inventor and entrepreneur best known for developing and commercializing the McCormick reaper, a key invention in the mechanization of agriculture.

Eli Whitney

An American inventor best known for inventing the cotton gin, a device that revolutionized the cotton industry by greatly facilitating the removal of seeds from cotton fibers.

Farm Worker

Farm workers are individuals employed in the agricultural sector, focusing on the cultivation and harvesting of crops as well as the raising of animals.

Productivity

The measure of the efficiency of production, often evaluated as the ratio of outputs to inputs in a given time period.