A Company's Broad Macroenvironment Refers to

question 54

Multiple Choice

A company's broad macroenvironment refers to

• A)the industry and competitive arena in which the company operates.
• B)general economic conditions plus the factors driving change in the markets being served.
• C)all the strategically significant forces and factors outside a company's boundaries-general economic conditions,population demographics,societal values and lifestyles,technological factors,and governmental legislation and regulation.
• 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:

Cost-Versus-Benefits

An analysis or comparison between the costs of an action and the benefits derived, used to evaluate the feasibility or value of a project or decision.

Organizational Activity

Actions or tasks undertaken by an organization in pursuit of its objectives.

Training And Development

The continuous process of enhancing the capabilities and skills of employees through various educational methods and programs.

Better Performers

Refers to individuals or groups that consistently achieve or exceed performance standards or expectations in their respective roles or activities.