Which of the following form part of a company's external environment?

Question

Quizplus · Accepted Answer

All of the options listed (competitors, consumers, trends in popular culture, and governments) are external factors that can have an impact on a company's operations, performance, and growth. Competitors can affect a company's market share and pricing strategy; consumers influence demand; trends in popular culture can shape consumer preferences and behavior; and government policies and regulations can impact business practices and profitability. Therefore, a company needs to monitor and respond to changes and developments in its external environment to stay competitive and succeed in the marketplace.

Which of the Following Form Part of a Company's External