Asked by
Loryan Coelho
on Dec 13, 2024Verified
The Lemon Tree is a high-fashion boutique selling top-of-the-line women's clothing and accessories. The keys to its success include knowing customers' changing tastes and providing something different than other retailers. In addition, because of demanding clientele, The Lemon Tree's management is investing in the use of one-to-one marketing and artificial intelligence. The least important environmental force to The Lemon Tree at this time is likely to be
A) economic.
B) competitive.
C) technological.
D) social.
E) regulatory.
Environmental Force
External factors, such as social, economic, technological, competitive, and regulatory conditions, that influence an organization’s operations and outcomes.
- Assess the impact of modifications in laws and regulations on the functionality of business activities and strategies for marketing.
Verified Answer
JS
Learning Objectives
- Assess the impact of modifications in laws and regulations on the functionality of business activities and strategies for marketing.
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