Which of the following is true about a company's specific environment?
A)It is unique to a particular firm's industry.
B)It has minimal impact on the daytoday activities of a business.
C)It encompasses broad legal and political trends that affect businesses.
D)It includes sociocultural changes.
E)It deals with economy trends of the country in which a business operates.

Question

Which of the following is true about a company's specific environment?
A)​It is unique to a particular firm's industry.
B)It has minimal impact on the day­to­day activities of a business.
C)It encompasses broad legal and political trends that affect businesses.
D)It includes sociocultural changes.
E)It deals with economy trends of the country in which a business operates.

Quizplus · Accepted Answer

A company's specific environment refers to the factors that are unique to its industry, such as competitors, customers, suppliers, and regulatory agencies. It directly affects the day-to-day activities of a business, unlike broad legal and political trends (option C) or economy trends of the country (option E). Sociocultural changes (option D) may also impact a company, but they are not specific to its industry.

Which of the Following Is True About a Company's Specific