The Set of Forces and Conditions That Originate with Global

question 108

Multiple Choice

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.

• A) demographic
• B) legal
• C) task
• D) societal
• E) general

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

U.S. Interest Rates

U.S. interest rates are the rates at which interest is paid by borrowers for the use of money that they borrow from a lender, specifically within the United States.

Savings Account

A deposit account held at a bank or financial institution that earns interest and is designed for the purpose of saving rather than daily transactions.

Mortgage Loan

A loan used to purchase a piece of property, where the property itself serves as collateral for the loan.