The market or task environment refers to the environment that immediately surrounds the organisation, i.e., it...

The market or task environment refers to the environment that immediately surrounds the organisation, i.e., it comprises the industry in which the organisation operates.

List and discuss the role players involved in the market or task environment.

Expert Solution

Answer-The role players involved in the market or task environment--

1. Customers-Customers are the players involved in the market environment as an outside force, by the choice of customers the demand of a commodity increases or decreases, customers demand for the product, the source of the income of the business is customer demand for the goods and services.

2. Suppliers-Suppliers also affect the company because suppliers are the ones who make the products or goods and services that the company buys to produce their share.

3.Competition(from other companies)-Competition from other companies is an outside force that influences the price and production technique of the company, the price of the products offered by company should offer a competitive price for the survival of the business.

4. Government Regulations-Government Regulations is an outside force which is involved in the market environment, the government decides all the type of taxes and laws for the regulation of industries as well as production units.

5. Labor Force -Labour force is a factor involved in task environment which directly affects the production of the industry.

Rahul Sunny answered 9 months ago

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