Single Parent Families, Food Preferences, and the Number of Women

question 84

Short Answer

Single parent families, food preferences, and the number of women entering the workforce are all external environmental factors marketing managers must consider when analyzing the ________ environment.
public relations
legal
produce
economic
socio-cultural

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Definitions:

Correlation

A statistical measure that describes the extent to which two variables change together, but does not necessarily imply causation.

Causation

The relationship between cause and effect where one event (the cause) makes another event happen (the effect).

Usage Tax

Usage tax is a levy on the use of goods or services, typically calculated as a percentage of the purchasing price or a flat rate, aimed at specific products or activities.

Difference-In-Differences

is an econometric technique used to estimate the effect of a specific intervention or treatment by comparing the changes in outcomes over time between a treatment group and a control group.