________ is/are composed of all relevant forces outside a firm's boundaries, such as competitors, customers, the government, and the economy.

Question

Quizplus · Accepted Answer

The external environment consists of all the relevant forces outside a firm's boundaries, including competitors, customers, the government, and the economy. Open systems are a different concept, referring to organizations that interact with their environments to acquire inputs and dispose of outputs. Relative constraints and conditions of certainty are not directly related to the external environment. The barriers to entry domain selection may be a relevant factor in the external environment, but it is not a comprehensive definition.

________ Is/are Composed of All Relevant Forces Outside a Firm's