226k views
3 votes
Which of the following is an organizational environmental factor?

a) The economy
b) Competition
c) Legislation
d) Stakeholders

1 Answer

3 votes

Final answer:

All the given options (the economy, competition, legislation, stakeholders) are organizational environmental factors that can impact a business's performance and strategy.

Step-by-step explanation:

An organizational environmental factor refers to elements outside of an organization that can impact its performance and operations. Examples of these factors include the economy, which can influence consumer spending and investment; competition, which affects market share and business strategy; legislation, representing the laws and regulations that constrain or facilitate business activities; and stakeholders, which are the individuals or groups that have an interest in the success or failure of the organization, such as customers, employees, suppliers, and shareholders.When a student asks which of the following is an organizational environmental factor, the correct answer is that all the options given (the economy, competition, legislation, stakeholders) are indeed organizational environmental factors. Each of these factors can heavily influence the decisions and success of a business.

User ToNoY
by
8.2k points