Canada's Ethnic Diversity Is a Factor That Falls Under Which

question 111

Multiple Choice

Canada's ethnic diversity is a factor that falls under which component of a marketer's macro environment?

• A) natural
• B) social-cultural
• C) demographic
• D) economic
• E) political-legal

---

Definitions:

Sneaker Manufacturers

Companies engaged in the design, production, and marketing of sneakers for various consumer segments.

Price Competitive

A market condition where businesses strive to offer their goods or services at lower prices than their competitors to attract customers.

Few Substitutes

A market condition where there are limited alternatives for a product, giving the product a higher degree of market power and potentially leading to higher prices.

Long Run Equilibrium

A state where all inputs can be adjusted by firms and all prices can fully adapt, leading to resource allocation where supply equals demand.