Which One of the Following Is an Element of the Economic

question 27

Multiple Choice

Which one of the following is an element of the economic environment of business that shapes the behavior of buyers and sellers?

• A) Forces resulting from the practical application of science to innovations
• B) Conditions and forces that affect the cost and availability of goods
• C) Laws and regulations that restrain, support, and protect businesses
• D) Targeted customers and competitors that market similar products to those customers
• E) Population trends, social values, and relationships of society and business

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Definitions:

Accessible Port

A port that is easily approachable or reachable, facilitating the movement of goods and travelers.

Pacific Ocean

The largest and deepest of Earth's oceanic divisions, extending from the Arctic Ocean in the north to the Southern Ocean in the south.

Spanish-American War

A conflict fought in 1898 between Spain and the United States, resulting from U.S. intervention in the Cuban War of Independence, leading to U.S. acquiring territories in the western Pacific and Latin America.

Battle Casualties

The number of soldiers wounded, killed, captured, or missing in action during a military engagement.