The Environmental Segments That Make Up the General Environment Typically

question 72

Multiple Choice

The environmental segments that make up the general environment typically will NOT include:

• A) demographic factors.
• B) sociocultural factors.
• C) substitute products or services.
• D) technological factors.

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Definitions:

Cash Equivalent

Assets that are easily convertible into cash with little to no risk of change in value.

Price Ceiling

A legal maximum price that can be charged for a particular good or service to prevent prices from becoming too high.

Implicit Tax

A non-legislative effect that decreases the benefits of certain financial choices because of opportunity costs or market adjustments.

Market Equilibrium

The price at which quantity supplied equals quantity demanded.