Which Dimension of the General Environment Represents the Demographic Characteristics

question 172

Multiple Choice

Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the population within which the organization operates?

• A) Legal-political
• B) Economic
• C) Technological
• D) Natural
• E) Sociocultural

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Definitions:

Contribution Format

A type of income statement where costs are separated into variable and fixed categories, highlighting the contribution margin.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed costs in a company's cost structure.

Sales Increase

The rise in the volume or amount of sales over a specific period, reflecting business growth.

Net Operating Income

The profit generated from a company's core business operations after deducting all operating expenses except for interest and taxes.