Which environment is narrowly defined and has the combined forces that directly affect a given firm and all of its relevant competitors?
A) general
B) industry
C) market
D) global

Question

Quizplus · Accepted Answer

The industry environment is narrowly defined and has the combined forces that directly affect a given firm and all of its relevant competitors. It includes factors such as industry structure, competition, and customer behavior. The general environment is broader and includes factors such as political, economic, social, and technological influences. The market environment refers to the specific market in which a firm operates, while the global environment includes factors that impact firms operating internationally.

Which Environment Is Narrowly Defined and Has the Combined Forces