Which of the Following Is True of the Economic Environment

question 13

Multiple Choice

Which of the following is true of the economic environment?

• A)It has no relationship to the technological environment.
• B)It is not affected by the way the parts of the macro-marketing system interact.
• C)It refers to micro-economic factors that do not affect business spending.
• D)It can change very rapidly.
• E)It never requires marketing managers to make immediate changes in strategy.

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Definitions:

Conventional Tests

Standardized assessments traditionally used in educational or psychological settings to measure abilities, aptitude, or mental health.

Ethnic Differences

Variations in customs, norms, and social behaviors among different ethnic or racial groups.

Cultural

Related to the ideas, customs, social behaviors, products, or way of life of a particular society, group, place, or time.

Environmental

Pertaining to the natural world and the impact of human activity on its condition.