A Company's "Macro-Environment" Refers To

question 125

Multiple Choice

A company's "macro-environment" refers to:

• A) the industry and the competitive arena in which the company operates.
• B) general economic conditions plus the factors driving change in the markets where a company operates.
• C) the strategically relevant factors outside a company's industry boundaries-economic conditions,political factors,sociocultural forces,technological factors,environmental factors,and legal/regulatory conditions.
• D) the competitive market environment that exists between a company and its competitors.
• E) the dominant economic features of a company's industry.

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Definitions:

Proposition

A statement or assertion that expresses a judgment or opinion, which can be either true or false.

Cognitive Schema

Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.

Prototype

An original model or first form of something from which other forms are copied or developed.

Basic Concept

Fundamental ideas that underpin a subject or field of study, serving as the foundation for further knowledge and understanding.