The strategically relevant factors outside a company's industry boundaries-economic conditions, political factors, sociocultural forces, technological factors, environmental factors, and legal/regulatory conditions-are known as
A)the industry and the competitive arena in which the company operates.
B)general economic conditions plus the factors driving change in the markets where a company operates.
C)a company's macro-environment.
D)the competitive market environment that exists between a company and its competitors.
E)the dominant economic features of a company's industry.

Question

Quizplus · Accepted Answer

The given factors are part of a company's macro-environment, which is the larger external environment in which the company operates. The other choices either focus only on the industry or competitive environment, or are too narrow in scope to include all the factors mentioned in the question.

The Strategically Relevant Factors Outside a Company's Industry Boundaries-Economic Conditions