The competitive environment consists of
A) The firm and its rivals, suppliers, customers (buyers), new entrants, and substitute or complementary products.
B) Only those organizations on which the focal organization to provide supplies and materials.
C) The workers of the organizations that complete the organization's activities.
D) The organizations that hold the firm accountable to their stakeholders.
E) The broader influences that affect a firm's competitive advantage.

Question

Quizplus · Accepted Answer

As shown in Figure 2.4, the competitive environment includes rivalry among current competitors and the impact of new entrants, substitute and complementary products, suppliers, and customers.

The Competitive Environment Consists of