The core of a firm's business environment is comprised by:
A)Its relationships with customers,competitors and suppliers
B)Its technological environment
C)Its relationships with all stakeholders
D)The nation state

Question

Quizplus · Accepted Answer

The core of a firm's business environment is primarily concerned with its relationships with customers, competitors, and suppliers. These relationships are pivotal to the success of the business, and the firm must continually monitor and adapt to changes in these areas in order to remain competitive. While the technological environment, relationships with all stakeholders, and the nation state are also important considerations, they are not as central to the firm's core business environment as the relationships mentioned in choice A.

The Core of a Firm's Business Environment Is Comprised By