BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Demographic segment
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Economic segment
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Political/Legal Segment
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Technological segment
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Detailed explanation-1: -The political/legal segment is the arena in which organizations and interest groups compete for attention, resources, and a voice in overseeing the body of laws and regulations guiding the interactions among nations. The sociocultural segment is concerned with a society’s attitudes and cultural values.
Detailed explanation-2: -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.
Detailed explanation-3: -OPPORTUNITY is a condition in the general environment that if exploited effectively, helps a company achieve strategic competitiveness.
Detailed explanation-4: -General Environment: Composed of dimensions in the broader society that influence an industry and the firms within it-We group these dimensions into seven environmental segments: demographic, economic, political/legal, sociocultural, technological, global, and sustainable physical-Examples in Table 2.