The___________ Consists of the Economy and the Technological, Socio-Cultural, and Political/legal

question 27

Multiple Choice

The___________ consists of the economy and the technological, socio-cultural, and political/legal trends that indirectly affect all organizations.

• A) economic environment
• B) specific environment
• C) general environment
• D) indirect environment
• E) direct environment

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Definitions:

Market Researchers

Professionals who study consumer behaviors, preferences, and trends to help companies make informed product and marketing decisions.

Physical Similarities

The extent to which objects or individuals share common physical characteristics or attributes.

Product Mix

The total range of products or services that a company offers to its customers.