Automobile manufacturers must comply with regulations set by the National Transportation and Safety Board

Marketing Dec 21, 2020

Automobile manufacturers must comply with regulations set by the National Transportation and Safety Board. In the context of situation analysis, which of the following macro-level external environmental factors does this exemplify?

a) sociocultural/demographic,

b) firm structure and systems,

c) political, legal, and ethical,

d) firm resources,

e) threat of new entrants.

Expert Solution

The correct answer is c) political, legal, and ethical.

The regulations set by the National Transportation and Safety Board (NTSB) form a compliance issue through legislation for firms (thereby also setting ethical standards) that will change depending on the government that is in power.

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