A firm typically has much more choice in the composition of its general environment than its specific environment.

Question

Quizplus · Accepted Answer

The general environment, encompassing economic, technological, sociocultural, and political/legal trends, is largely beyond the control of any single firm. In contrast, a firm can often have more influence over its specific environment, including customers, competitors, suppliers, and industry regulations, through strategic decisions and actions.

A Firm Typically Has Much More Choice in the Composition