The ________ Environment Consists of Factors That Affect Consumer Purchasing

question 115

Short Answer

The ________ environment consists of factors that affect consumer purchasing power and spending patterns.
geological
political
technological
economic
natural

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Definitions:

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price, during a certain time period.

Pension Program

A financial arrangement designed to provide individuals with an income when they are no longer earning a regular income from employment.

Real Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true return on investment.

Nominal Interest Rate

The percentage increase in money that the borrower pays the lender, not adjusting for inflation.