Environment as used in the textbook is the forces surrounding and influencing the life and development of the firm and is classified as
A) controllable and uncontrollable.
B) controllable and uncontrollable as well as internal and external.
C) domestic and foreign.
D) internal and external.
E) domestic and foreign as well as controllable and uncontrollable.

Question

Quizplus · Accepted Answer

The term environment as used here means all the forces influencing the life and development of the firm. The forces themselves can be classified as external or internal. The external forces are commonly called uncontrollable forces, which are the external forces that management has no direct control over, although it can exert influence. The internal forces over which management does have some control and that management administers to adapt to changes in the uncontrollable forces are called the controllable forces.

Environment as Used in the Textbook Is the Forces Surrounding