A firm's external environment includes a remote sector,industry sector and an operating sector.The remote sector includes which of the following categories?
A) Political, technological, economic and social
B) Political, supplier power, economic and labor
C) State government, production, social and economic
D) Mission, company profile and competition

Question

Quizplus · Accepted Answer

The remote sector of a firm's external environment is typically composed of four categories: political, technological, economic, and social. These categories represent factors that are generally beyond the control of the firm but can profoundly influence its operations and strategic decisions. This includes things like government regulations, technological advancements, economic trends, and social attitudes and demographics. Option B focuses more on the supplier power and labor, which are part of the operating sector, while Option C includes state government and production, which are subsets of the political and economic categories. Option D is incorrect as it lists internal factors instead of external factors.

A Firm's External Environment Includes a Remote Sector,industry Sector and an Operating