Which of the Following Is an Example of a Major

question 47

Multiple Choice

Which of the following is an example of a major external environmental factor that a company must consider when analyzing the international marketing environment?

• A)economic factors
• B)product factors
• C)promotional factors
• D)pricing factors
• E)advertising factors

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Definitions:

Rent

A periodic payment made by a lessee to a lessor for the use of land, buildings, or other property.

Supply

The total amount of a specific good or service that is available to consumers at current prices.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Inelastic

Describing a situation in which the demand or supply of a good or service is relatively unresponsive to changes in price.