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The Set of Forces and Conditions That Originate with Global

question 101

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The set of forces and conditions that originate with global suppliers, distributors, customers, and competitors and affect an organization's ability to obtain inputs and dispose of its outputs is the ________ environment.


Definitions:

Consumption Function

An economic formula representing the relationship between total consumption and gross national income, indicating how changes in income affect spending.

Saving

The portion of income not spent on current expenditures or consumption, often put aside for future use or investment.

Disposable Income

The amount of money a household has available for spending and saving after income taxes have been accounted for.

Consumption Function

A macroeconomic concept that describes the relationship between total consumption and gross national income.

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