Which of the following external forces is a part of a firm's task environment?
A) The composition of the strategic group to which the firm belongs
B) The interest rates prevalent in the economy in which the firm operates
C) The inflation level in the economy in which the firm operates
D) The recent innovations in process technology, including lean manufacturing

Question

Quizplus · Accepted Answer

External factors in a firm's task environment are ones that managers do have some influence over, such as the composition of their strategic groups (a set of close rivals) or the structure of the industry.

Which of the Following External Forces Is a Part of a Firm's