Management has no direct control over the external environment of the firm but can exert influence by:
A) heavy promotion of new products to change cultural attitudes.
B) only competing in the domestic market.
C) lobbying.
D) all of the above.
E) two of A, B, and C.

Question

Quizplus · Accepted Answer

Management can influence the external environment through heavy promotion to change cultural attitudes and lobbying for favorable regulations or policies, but limiting competition to the domestic market does not exert influence on the external environment.

Management Has No Direct Control Over the External Environment of the Firm