Asked by
Joseph Wilson Jr.
on Dec 13, 2024
Verified
A sudden drop in the average consumer income would be an example of which environmental force?
A) economic
B) competitive
C) technological
D) social
E) regulatory
Economic Force
External factors such as inflation, interest rates, and economic growth that can influence an organization's performance and strategic planning.
- Recognize the influence of economic transformations on consumers and the adaptations businesses undertake to cope with these shifts.
Verified Answer
KC
Learning Objectives
- Recognize the influence of economic transformations on consumers and the adaptations businesses undertake to cope with these shifts.