A Firm That Has Not Traditionally Been a Competitor of EcoPro,Inc.,suddenly

question 13

Multiple Choice

A firm that has not traditionally been a competitor of EcoPro,Inc.,suddenly creates a new type of product that makes the products of EcoPro,Inc.,obsolete.This is an example of which type of force in the environment?

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

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Definitions:

Cooperative Societies

Organizations owned and run jointly by its members, who share the benefits or profits equally or according to their contribution.

Stereotypes

Oversimplified generalizations about groups of people that may or may not reflect reality.

Morning Person

An individual who feels more awake, alert, and productive during the morning hours compared to other times of the day.

Scapegoat Theory

The idea that blaming problems and misfortunes on outgroups contributes to negative attitudes toward these outgroups.