Although changes in the general environment may often adversely or favourably impact a firm, they seldom alter an entire industry.

Name: Although changes in the general environment may often adversely or favourably impact a firm, they seldom alter an entire industry.
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Question

Quizplus · Accepted Answer

Changes in the general environment, such as economic shifts, technological advancements, or regulatory changes, can significantly impact an entire industry by altering competitive dynamics, consumer preferences, or operational models.

Although Changes in the General Environment May Often Adversely or Favourably