When a locally owned construction firm fears new competition from a national chain such as Toll Brothers moving in,it is experiencing a change in its
A) internal environment.
B) external environment.
C) physical work environment.
D) government regulations.
E) organizational culture.

Question

Quizplus · Accepted Answer

The fear of new competition from a national chain like Toll Brothers indicates a change in the external environment of the locally owned construction firm. The external environment refers to all the factors outside of an organization, such as competition, government regulations, technology, and market trends, that can impact its operations and success. In this case, the firm is facing a threat from a new competitor, which could have a significant impact on its performance, hence indicating a change in the external environment.

When a Locally Owned Construction Firm Fears New Competition from a National