Customers Are Considered an External Environmental Factor Because They ________

question 118

Multiple Choice

Customers are considered an external environmental factor because they ________.

• A) use the Internet to research products
• B) generate employer branding
• C) expect quality products and after-purchase service
• D) invest in corporations

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Definitions:

Binding

A situation, typically in the context of contracts or agreements, where parties are legally obligated to adhere to the terms set forth.

Price Ceiling

A legal maximum price set by authorities for goods or services, intended to prevent prices from rising above a certain level to protect consumers.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Government Implements

Actions taken by the government to put policies, regulations, or laws into effect.