The Political/legal Segment of an Environment Represents

question 49

Multiple Choice

The political/legal segment of an environment represents:

• A) the political preferences of different ethnic groups in the society.
• B) the technological values of different political entities in society.
• C) how organizations and governments mutually try to influence each other.
• D) the system of regulations governments at all levels place on businesses.

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Definitions:

Supply Fixed

A situation where the availability of a good or service is limited and cannot be easily adjusted.

Unique Product

A product that is different from anything else on the market, either because of its brand, design, or functionality, giving it a competitive advantage.

Price

The financial requirement for obtaining a service or good.

Supply Shifts

Movements of the supply curve to the left or right, indicating a change in the quantity supplied at a given price, caused by factors other than the price of the good itself.