Which Component of the Marketing Environment Pertains to the Income,expenditures,and

question 6

Multiple Choice

Which component of the marketing environment pertains to the income,expenditures,and resources that affect the cost of running a business or household?

• A)Ecology
• B)The economy
• C)Technology
• D)Culture

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Definitions:

Future Shop

A now-defunct Canadian electronics retailer that was absorbed by Best Buy.

Normal Retail Price

The standard selling price of a good or service in the retail market before any discounts or promotions are applied.

Computers

Electronic devices that execute specific tasks based on programmed instructions, capable of processing, storing, and retrieving data.

Break-even Price

The price level at which revenues equal costs, resulting in neither profit nor loss.