Can Global Factors Influence Organisations Directly

question 28

Multiple Choice

Can global factors influence organisations directly?

• A)Yes, because other influences belong to other categories.
• B)No, because they originate in other countries, and therefore have no direct access to the organisations.
• C)Yes, because they are so strong.
• D)No, they can influence indirectly through other dimensions of the general environment.

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Definitions:

Export Demand

is the desire and willingness of foreign buyers to purchase goods and services from a country, influenced by factors such as price, quality, and exchange rates.

Elastic Demand

A situation in which the demand for a product or service greatly changes in response to a change in price. High price sensitivity.

Price Elasticity

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, primarily used to fund transportation projects.