In Asia, Consumers Have Historically Had an Aversion to Debt

question 106

Multiple Choice

In Asia, consumers have historically had an aversion to debt. However, in recent years credit card use has grown significantly, supported by aggressive marketing and government policies in the region to promotegrowth in the region.This example comprises the _____ dimensionof an organization's general environment.

• A) economic
• B) technological
• C) sociocultural
• D) political-legal
• E) task

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Definitions:

Planned Change

A deliberate and systematic effort to alter an organization's processes, structure, or culture to achieve a specific goal or outcome.

Competitive Conflict

Situations where individuals or groups compete for resources, recognition, or success in a manner that can lead to tension or discord.

Win-Lose

A competitive strategy or outcome in negotiations where one party's gain is exactly balanced by another party's loss.

Negotiation

The process of discussing and arriving at a mutual agreement between parties with differing needs or interests.