Which of the External Environmental Forces Is the Fastest Changing

question 74

Multiple Choice

Which of the external environmental forces is the fastest changing, and has, perhaps, the most significant impact on businesses?

• A)technological forces
• B)social forces
• C)economic forces
• D)competitive forces

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Definitions:

Inflation Rate

The frequency at which the universal cost for goods and services climbs, consequently eroding purchasing efficacy.

George W. Bush

43rd President of the United States, serving from 2001 to 2009, known for his responses to the 9/11 terrorist attacks and initiating the Iraq War.

Federal Budget Deficit

The deficit that occurs when the government's spending surpasses its income within a fiscal year.

Federal Budget Surpluses

Occurs when the government's revenues exceed its expenditures during a fiscal year.