The ecosystem in which a company is embedded is a(n) ________.
A) natural community that is restricted to the members of its value chain
B) economic community that includes related industries
C) economic community that focuses entirely on the company and its immediate competitors
D) community constituted by markets that are not related to the company

Question

Quizplus · Accepted Answer

The ecosystem in which a company is embedded is an economic community that includes related industries. This includes not only the company's immediate competitors but also suppliers, customers, and other businesses that are part of the value chain. It is important for a company to understand its ecosystem in order to identify opportunities and threats, and to develop strategies that enable it to compete effectively.

The Ecosystem in Which a Company Is Embedded Is A(n)