A firm's current competition, suppliers, customers, and the threat of new entrants or of substitutes are all elements in the
A)task environment.
B)Peter's model for organizational excellence.
C)microenvironment.
D)Porter's model for competitive environment.
E)supply chain management.

Question

Quizplus · Accepted Answer

The elements mentioned in the question (competition, suppliers, customers, threat of new entrants or substitutes) are all components of Porter's model for competitive environment, which analyzes the external factors that affect a firm's strategy and competitiveness. Option A (task environment) and C (microenvironment) are related but do not encompass all the mentioned components. Option B (Peter's model for organizational excellence) and E (supply chain management) are not directly relevant to the question.

A Firm's Current Competition, Suppliers, Customers, and the Threat of New