External Change May Take All of the Following Forms Except

question 70

Multiple Choice

External change may take all of the following forms except ________.

• A) economic change
• B) competitive change
• C) social change
• D) strategic change

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Definitions:

Highly Profitable

Highly profitable describes businesses or investments that generate earnings significantly above the average for their sector or the market as a whole.

Rapid Sales Growth

A significant increase in the volume of sales over a short period, indicating business expansion.

Competitive Retail

The marketplace scenario where various retailers compete with each other to offer goods or services to consumers, often leading to better prices and quality.

Elastic Demand

Describes a market situation where the demand for a product or service significantly changes in response to a change in price.