The environment is composed of elements in the broader society that can influence an industry and the firms within it.

Related MCQs

• Elements in a company’s external environment that allow to formulate and implement strategies to increase profitability.
• Micro environment is the ………. environment of a company.
• All of the following are forces that create high rivalry within an industry EXCEPT
• When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit.
• Firms with few competitive resources are more likely
• In the airline industry, frequent-flyer programs, ticket kiosks, and e-ticketing are all examples of capabilities that are
• ---------- is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
• Which of the following is NOT an entry barrier to an industry?
• New entrants to an industry are more likely when (i.e., entry barriers are low when…)
• According to the five factors model, an attractive industry would have all of the following characteristics EXCEPT: