When an Organization's Customers Put Pressure on the Organization to Reduce

question 5

Multiple Choice

When an organization's customers put pressure on the organization to reduce prices on its goods, this is a force in the organization's:

• A)industry-specific environment
• B)general environment
• C)political environment
• D)socio-cultural environment
• E)legal environment

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Definitions:

Expectations

Refers to beliefs about the future, specifically about what is likely to happen or what someone thinks should happen.

Circadian Rhythm

A biological rhythm with a period (from peak to peak or trough to trough) of about 24 hours; from the Latin circa, “about,” and dies, “a day.”

Body Temperature

The measure of the body's ability to generate and get rid of heat, reflecting the balance between heat production and loss.

Biological Event

An occurrence within a biological system or organism that is typically significant for its functioning or development, such as mutation, reproduction, or death.