The three parts of the external environment that affect a firm's strategic actions are: a. general, industry, and competitor. b. economic, political, and legal. c. local, national, and global. d. industry, business, and product.
The external environment is considered to be a macro-environment that impacts on the firms and their internal environment and has been divided into the three parts as the economic, political and the legal environment and other as the technology and the socio-cultural, etc.
The economic environment is characterized by the currency exchanges and the political is concerned with the government action and the legal is the laws that focus on the regulation of trade.
