The Effects of Economic Conditions on Consumers' Ability and Willingness

question 55

Multiple Choice

The effects of economic conditions on consumers' ability and willingness to buy would best be called ____ forces.

• A) technological
• B) sociocultural
• C) competitive
• D) economic
• E) legal and regulatory

---

Definitions:

LMX Differentiation

The degree to which there are variations in the quality of relationships between leaders and different members within the same team or organization.

LMX Relationships

Leader-Member Exchange Relationships; a concept in organizational behavior that explores how leaders and followers establish relationships and how those relationships influence workplace dynamics.

LMX

Leader-Member Exchange, a theory describing the dyadic relationship quality between leaders and followers in an organization.

LMX

Leader-Member Exchange; a theory proposing that leaders develop different kinds of relationships with various members of their team, which can affect the team's dynamics and performance.