Which of the Following Is True About the General Environment

question 78

Multiple Choice

Which of the following is true about the general environment?

• A)It contains opportunities and threats that are easier to identify and respond to than those in the task environment.
• B)It comprises the set of forces that originate with global suppliers, distributors, customers, and competitors.
• C)It includes the wide-ranging global, technological, sociocultural, and political forces that affect organizations.
• D)It contains the forces that have the most immediate effect on managers and their decisions.
• E)It contains forces that have very little impact upon the performance of organizations.

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Definitions:

Resistance Level

A price level above which it is supposedly difficult for a stock or stock index to rise.

Market Rise

An increase in the overall value of the stock market or a specific stock market index.

Hybrid Strategy

A hybrid strategy in business combines cost leadership and differentiation approaches to provide value to customers while maintaining competitive pricing.