BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In the general environment, many relationships exist among the various elements. General environmental trends can have positive and negative impacts on various industries. For example, the aging population might have a ____ impact on the health care industry and a ____ impact on the baby product industry. These are called ____ impacts.
A
negative; positive; demographic
B
positive; negative; technological
C
negative; positive; sociocultural
D
positive; negative; demographic
Explanation: 

Detailed explanation-1: -In the general environment, many relationships exist among the various elements. General environmental trends can have positive and negative impacts on various industries.

Detailed explanation-2: -PESTEL reflects the names of the six segments of the general environment: (1) political, (2) economic, (3) socio-cultural, (4) technological, (5) environmental, and (6) legal.

Detailed explanation-3: -What is the general environment? The general environment, or macro-environment, is the variety of factors beyond an organization’s control that affect their operation and performance. These external influencers can determine whether a business experiences opportunities or setbacks in the marketplace.

Detailed explanation-4: -The general environment is composed of dimensions in the broader society that influence an industry and the firms within it. We group these dimensions into six segments: political, economic, social, technical or technological, environmental, and legal.

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