The national economy and design trends are two examples of factors in a company's ________.

Question

Quizplus · Accepted Answer

The national economy and design trends are external factors that cannot be controlled by the company and are influenced by the larger environment, which is known as the macroenvironment. The microenvironment includes factors that are more directly under the control of the company, such as its competitors, suppliers, and customers. The competitive environment is a subset of the microenvironment that focuses specifically on competitors. The technological environment refers to advancements and innovations in technology that can impact the company's operations. The legal environment includes laws and regulations that affect the company's business activities.

The National Economy and Design Trends Are Two Examples of Factors