Economic and political forces continually affect organizations and compel them to change how and where they produce goods and services.

Question

Quizplus · Accepted Answer

Economic and political forces are external factors that can influence the decisions and strategies of organizations. Changes in economic conditions, such as increases in costs or shifts in consumer demand, can impact production processes and require adjustments in order to remain competitive. Similarly, political factors such as changes in government policies or regulations can also influence organizational decisions and operations. These forces can lead organizations to change how and where they produce goods and services in order to adapt to new conditions and remain viable.

Economic and Political Forces Continually Affect Organizations and Compel Them