Zimmer Centralpulse Is the World's Largest Producer of Replacement Hips

question 101

Multiple Choice

Zimmer Centralpulse is the world's largest producer of replacement hips and knees for orthopaedic surgery.
-Refer to Zimmer Centralpulse.The company is particularly interested in the market in southern British Columbia,where a large aging population lives.Which external environmental element most directly influences the continued growth of Zimmer Centralpulse?

• A)economics
• B)political
• C)culture
• D)demography

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Definitions:

Equilibrium Quantity

The quantity of a good or service at which the quantity demanded equals the quantity supplied at the market price.

Demand

The consumer's desire and willingness to pay for a product or service at a specific price.

Supply

The total amount of a good or service that is available for purchase at any given price point.

Equilibrium Price

The equilibrium price where the supply of goods meets the demand for those goods in the marketplace.