Which of the following is an element of a firm's external environment?
A) Employees
B) Suppliers
C) Owners
D) Board of directors

Name: Which of the following is an element of a firm's external environment? A) Employees B) Suppliers C) Owners D) Board of directors
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Question

Quizplus · Accepted Answer

Suppliers are an external factor as they are independent entities that provide resources to the firm, rather than being part of the internal workings of the firm. Employees, owners, and board of directors are all internal factors.

Which of the Following Is an Element of a Firm's