Which of the Following Is a Sociocultural Component in the General

question 2

Multiple Choice

Which of the following is a sociocultural component in the general environment of a book publisher that can indirectly influence how it does business? 

• A) ​An increase in the number of competitors 
• B) ​The number of book distributors in a particular location 
• C) ​A trend toward less leisure time 
• D) ​An advocacy group supporting free books for children

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Definitions:

Producer Surplus

The gap between the minimum amount producers are willing to accept for providing a good or service and the actual amount they end up receiving.

Producer Surplus

The additional income a producer receives for selling a good or service above its production cost.

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Consumer Surplus

The discrepancy between the amount consumers are prepared to spend on a product or service and the actual price they pay.