The economy is a part of the _____ that influences all organizations.

Question

Quizplus · Accepted Answer

The economy is a part of the general environment that influences all organizations. The general environment includes factors such as the economy, technological advancements, legal and political system, demographics, and socio-cultural trends. The specific environment includes factors that directly affect an organization, such as its suppliers, customers, competitors, and regulatory bodies. The niche environment includes factors that are unique to a specific industry or market segment. The internal environment includes factors within an organization, such as its culture, leadership, and resources.

The Economy Is a Part of the _____ That Influences