The Macroenvironment, Also Known as the ________ Includes Six Forces

question 11

Multiple Choice

The macroenvironment, also known as the ________ includes six forces.

• A) economic environment
• B) ethical environment
• C) microenvironment
• D) task environment
• E) general environment

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Definitions:

Marginal Revenue

The increase in income realized from the sale of one additional product or service unit.

Price Reductions

A strategy where businesses lower the prices of their goods or services to increase demand or sales.

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a product or service.

Pure Monopolist

A market situation where a single company or entity exclusively offers a particular product or service, with no close substitutes.