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The external environment of an organization consists of the mega environment and the task environment.
I. It includes components such as technological, economic, socio-cultural, and international influences. II. It consists of specific external elements such as customers and clients, competitors, suppliers, labor supply and government agencies, with which an organization interacts while conducting its business. III. As it depends largely on the products and services offered by the firm and its business location, it may vary from firm to firm. IV. While a firm may not be able to directly influence its task environment, it can certainly influence its mega environment. (a) Only (I) above (b) Both (I) and (IV) above (c) Both (II) and (III) above (d) (I), (II) and (III) above (e) (II), (III) and (IV) above.
The following statements are true regarding the task environment of a firm:
II. It consists of specific external elements such as customers and clients, competitors, suppliers, labor supply and government agencies, with which an organization interacts while conducting its business.
III. As it depends largely on the products and services offered by the firm and its business location, it may vary from firm to firm.
Statement (I) pertains to the mega environment of a firm and hence is not true.
Statement (IV) is not true as a firm may not be able to directly influence its mega environment, but it can certainly influenceits task environment.
I agree with those having chosen answer c)...........
(c) >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Both (II) and (III) above
II. It consists of specific external elements such as customers and clients, competitors, suppliers, labor supply and government agencies, with which an organization interacts while conducting its business.
III. As it depends largely on the products and services offered by the firm and its business location, it may vary from firm to firm.
(c)Both (II) and (III) above
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II. It consists of specific external elements such as customers and clients, competitors, suppliers, labor supply and government agencies, with which an organization interacts while conducting its business.
III. As it depends largely on the products and services offered by the firm and its business location, it may vary from firm to firm.
(c)......................................................................................
Thanks
It is (II) & ( III).
i will prefer to choose D..................
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