Which of the Following Dimensions of a Business Environment Embodies

question 30

Multiple Choice

Which of the following dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people?

• A) The economic environment
• B) The technological environment
• C) The competitive environment
• D) The social environment

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Definitions:

Reinforcer

Something that increases the likelihood of a behavior being repeated, used in behavior modification and conditioning theories.

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a learned response, often due to the lack of reinforcement.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.

Money

A medium of exchange that allows for the valuation of goods and services, facilitating trade and economic activity.