A firm's managers are constrained by
A)consumers.
B)workers.
C)government.
D)All of the above.

Question

Quizplus · Accepted Answer

A firm's managers are constrained by all three factors - consumers, workers, and government. Consumers dictate the demand for the firm's products or services, therefore, managers must cater to consumer needs to ensure sales. Workers can also impact a firm's success, as they contribute labor to the company and can potentially unionize or strike if their needs are not met. Lastly, government regulations, taxes, and policies can directly affect a firm's operations and bottom line, leading managers to adapt to various legal and political constraints.

A Firm's Managers Are Constrained by