If a Major Firm Suddenly Creates a New Product Which

question 2

Multiple Choice

If a major firm suddenly creates a new product which makes the products of its competitors obsolete,this is an example of a force in which type of environment?

• A)General environment
• B)Task environment
• C)Economic environment
• D)Legal environment
• E)Political environment

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Definitions:

Values

Fundamental beliefs or principles that guide behavior and decision-making, reflecting what is important to an individual or organization.

Interests

Personal or professional areas of attention or concern that motivate individuals to engage in specific activities.

Behavior

The actions or reactions of an individual or system in response to external or internal stimuli.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.