Which of the Following Is Not Involved with the Demograpic

question 53

Multiple Choice

Which of the following is not involved with the demograpic component of an organization's external environment?

• A)values
• B)gender
• C)race
• D)income

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Definitions:

Total Revenue

The overall amount of money generated from the sale of goods or services before subtracting any expenses.

Determinants Of Elasticity

Factors that influence the sensitivity of the quantity demanded or supplied of a good to price changes.

Availability Of Substitutes

The extent to which similar or alternative products and services are accessible to consumers, influencing their choices and market demand.

Linear Demand

An economic model where demand for a good or service changes proportionately with changes in price.