Supplier power is an example of a factor that falls within the _________ environment.
A) Economic
B) Operating
C) Industry
D) Remote

Question

Quizplus · Accepted Answer

Supplier power is a factor that is specific to the industry environment, as it pertains to the bargaining power that suppliers hold over companies within a particular industry. Factors within the industry environment include competition, supplier power, buyer power, threat of substitutes, and threat of new entrants. The economic environment refers to broader macroeconomic factors, the operating environment focuses on organization-specific factors, and the remote environment pertains to external factors that are beyond the control of the organization.

Supplier Power Is an Example of a Factor That Falls