The Competitive Environment Consists of

question 124

Multiple Choice

The competitive environment consists of

• A)the firm,and its rivals,suppliers,customers (buyers),new entrants,and substitute or complementary products.
• B)only those organizations which the focal organization relies upon to provide supplies and materials.
• C)those people who comprise the workers of the organization that complete the organization's activities.
• D)those organizations that hold the firm accountable to their stakeholders.
• E)those broader influences that affect a firm's competitive advantage.

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Definitions:

Climate Change

A significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.

Environmental Risks

Potential hazards to the environment that may arise from a company's operations, potentially leading to financial liabilities and reputational damage.

Sustainability Reporting

Reporting on social, environmental, and financial aspects of an organisation’s operations.

Corporate Social Reporting

The practice of disclosing information regarding a company's impact on society, the environment, and its corporate social responsibility activities.