Question

Werkley Inc. is a product manufacturing company. It relies on its suppliers for raw materials, on the labor market for its personnel needs, and on its customers for profits. In the given scenario, the suppliers, the labor market, and the customers make up the _____ of Werkley Inc.
a. general environment
b. internal environment
c. macro environment
d. task environment

Answer 1

Answer:

(d) task environment

Explanation:

Task environment relates to the external environment of a business which directly affects production of goods and services a business has to offer. This affects a business ability to reach it's goals. It comprises of:

1. Suppliers : They supply raw materials which are essential for production.
2. Customers: They are the ultimate users of goods. Customer wants and preferences determines the kind of product a business shall produce.
3. Competitors: They affect the pricing of goods. Their strategies directly affect the business.
4. Labor Supply: For any production to take place, man and material are essential. Labor supply in the market again affects pricing of the goods.

Thus, the suppliers, the labor market, and the customers make up the task environment of Werkley Inc.