The industry and economic environment in which a firm operates impose a certain level of business risk.

Name: The industry and economic environment in which a firm operates impose a certain level of business risk.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The industry and economic environment significantly influence the level of business risk a firm faces, as they affect demand for the firm's products, pricing power, competition, and regulatory challenges.

The Industry and Economic Environment in Which a Firm Operates