Which of the Following Is NOT a Major Force in a Company's

question 18

Multiple Choice

Which of the following is NOT a major force in a company's macroenvironment?

• A) demographic forces
• B) geological forces
• C) economic forces
• D) technological forces

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Definitions:

Scale

The size or level of operation, indicating the scope or extent of something, often used in discussions of production or economic activities.

Production Function

An economic model that describes how output is created by varying inputs of production like labor and capital.

Technological Knowledge

Society’s understanding of the best ways to produce goods and services.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.