Due to the Increasing Purchasing Power and Per Capita Income

question 30

Multiple Choice

Due to the increasing purchasing power and per capita income of the population of United Nombavia,True Couture Inc.decided to launch its premium line of clothing and bags in the country.Which of the following environmental forces primarily influenced True Couture Inc.'s decision?

• A)Technological forces
• B)Legal forces
• C)Religious forces
• D)Political forces
• E)Economic forces

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Definitions:

Process Innovations

Refers to the introduction of new or significantly improved processes in an organization, enhancing efficiency or production.

Diffusion

The spreading of something more widely, in various contexts such as the diffusion of innovations, information, or particles.

Innovation

The process of creating and implementing new ideas, products, or processes, which often leads to improvements or advancements.

Richard Walton

A notable figure in the field of industrial relations and labor management, recognized for his contributions to workplace conflict resolution and labor policy.