Larger Societal Forces That Affect the Organisation, Including Demographic, Cultural

question 23

Multiple Choice

Larger societal forces that affect the organisation, including demographic, cultural, technological, political and natural forces are known as:

• A) marketing environment.
• B) macroenvironment.
• C) external environment.
• D) the environment.
• E) microenvironment.

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Definitions:

Conditions

Terms or stipulations specified in a contract or agreement that must be fulfilled before certain obligations or rights become effective.

Bailee

A person or entity who is given possession but not ownership of an item for a particular purpose.

Bailment

Bailment occurs when property is temporarily transferred from its owner (bailor) to another person (bailee) for a specific purpose, without transferring ownership.

Compensation

The act of providing something, typically money, in exchange for loss, service, or injury.